Tag: Mike Pitt

Why you Should Drive and Old Car and Pay of Your Mortgage Early

Save Hundreds on Rent Per Month By Becoming a Property Guardian

4 Obstacles you Will Face on Your Financial Journey

My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only. This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

Does Your Choice of Supermarket Matter?

How to Stick to Your Budget During Summer: 5 Tips

This post may contain affiliate links please read our disclosure for more info.

Image credit: https://www.peakretreats.co.uk/

‘Summertime, and the living is easy...’ are the words of DuBose Heyward, he wrote the lyrics and George Gershwin wrote the music for the famous song from the opera Porgy and Bess in 1935. The song has been performed all around the world by thousands of musicians. Summertime can indeed be a wonderful time; better weather brings more opportunities to have fun, more day trips and other leisure activities either close to home or whilst on holiday (vacation). All of this having fun and leisure time can put household budgets under enormous pressure and it is no surprise that so many budgets fall by the wayside during the summer months. It does not have to be this way, below I have listed 5 budget friendly ways to keep yourself on track financially during the summer months.

Stick to Your Financial Goals During Summer

Forward Planning

Time that you take off work for a holiday and your children’s summer holidays from school are predictable events; you know that they are going to happen so you can plan for them and prepare. Ensure that you save for your cost of your holiday and spending money months in advance. Your holiday savings can form part of the 20 % that I wrote about in this post, How Much Should You Save? In taking this approach, you will minimise the financial impact of your holiday. Don’t forget to save for the additional day trips and activities that you will also do at home too. The summer is longer than your holiday in most cases.

Booking in Advance

In nearly all instances, booking in advance will enable you to access discounts and special offers that will enable you to keep costs as low as possible. Contrast that with trying to book hotels, flights and activities at peak time when the costs will be much higher. Make your money go further by booking earlier.

Take Picnics Rather than Relying on Restaurants

Buy yourself a picnic basket like this one, and then get in to the habit of making food for your family the night before day trips. This is a great way of keeping a lid on expenditure; it also means that you will be able to eat exactly when you want rather than having to wait for space to become available at a restaurant or cafe. Queuing for a popular restaurant is not fun, you will be able to avoid that entirely.

Filling up Your Tank

If you are going to visit a major attraction such as a theme park, fill up your car at a local petrol station rather than one on the motorway. Motorway service stations are always much more expensive than filling up at your local supermarket petrol station.

Cash Budgeting at Theme Parks and Funfairs

Theme parks or funfairs often have lots of different rides or attractions for you and your family to choose from, If all rides are included in the admission price feel free to experience as many as you can fit it during the time that you have available. However, some places that you visit will have individual costs for each ride; in this instance its very easy to spend a lot of money very quickly. The best approach is to set a mini budget for your children or yourself, you could allow them to choose 3 or 4 rides for example.

By following these tips, you’ll find that you are aren’t having any less fun than if you hadn’t applied the brakes to your expenditure. The difference is that this time you will not have any guilt as a result of overspending. It just takes a little thought and preparation but is totally achievable.

How do you prepare financially for the summer months? What steps have you taken to stick to your budget during summertime? Please let me know in the comments section below.

If you have enjoyed this post you will also like the following posts:

Save Money by Switching Energy Supplier Every Year

Why you Should Drive and Old Car and Pay of Your Mortgage Early

Save Hundreds on Rent Per Month By Becoming a Property Guardian

4 Obstacles you Will Face on Your Financial Journey

Best regards,

Mike

Save Money by Switching Energy Supplier Every Year

Does Your Choice of Supermarket Matter?

This post may contain affiliate links please read our disclosure for more info.

Image credit: http://www.goodhousekeeping.co.uk/

Groceries are a necessity for life but it must be remembered that not all supermarkets are created equal in terms of value for money. Convenience is also an important factor when it comes to selecting a supermarket; you are more likely to shop at a supermarket that is easy for you to get to, particularly if you plan on going there on foot. If you are driving you’ll pick a supermarket with a car park over one that requires you to find an available parking meter. This is an entirely natural way of choosing a supermarket and is to be expected. However, if you have financial goals to achieve you should recognise that your choice of supermarket is a huge opportunity to make regular savings and achieve your financial goals more quickly.

Supermarket Choice

Luckily for us we don’t have to guess which is the cheapest supermarket. Food retailer trade magazine, The Grocer regularly conducts secret shopper research to confirm where you should go to buy the cheapest groceries. According to their data, Aldi is the cheapest supermarket. When you click on the link in red text you will see that they have compared supermarkets for a range of everyday items and Aldi has come out on top because the basket of items wash cheapest there.

What Should you do?

If you have an Aldi near where you live, choose Aldi for your grocery shopping from now on. If there is not an Aldi near you, choose Asda because Asda was number two on the list. At the risk of sounding like a grocery shopping geek, when I made this change to my regular choice of supermarket I was saving 30-40% on my regular items when compared to Tesco, for example. I did have to change my routine to make this change, I had to drive slightly further to visit the nearest Aldi but even when I factored the additional petrol cost, Aldi was still a clear winner. The change I made was not a big deal and amounted to an extra five minutes in the car.

In an earlier post on this blog I asked the question, Do you have the Right Money Mindset? Small behavioural changes like driving a bit further to a cheaper supermarket can create more abundance in your life. It is so simple to do and yet most people do not do it. Instead the continue to shop at the most conveniently located supermarket despite the fact that it costs them more. Which type of consumer do you want to be? A frugal one who is intentional about their purchasing decisions or someone who regularly spends more than they need to on groceries?

Have you changed your choice of supermarket to take advantage of lower prices? If so, what has the money that you saved allowed you to do? Please let me know in the comments section below.

If you have enjoyed this post you will also like the following posts:

Why you Should Drive and Old Car and Pay of Your Mortgage Early

Save Hundreds on Rent Per Month By Becoming a Property Guardian

4 Obstacles you Will Face on Your Financial Journey

Best regards,

Mike

Save Money By Switching Energy Supplier Every Year

This post may contain affiliate links please read our disclosure for more info.

Image credit: https://banglamirrornews.com

For most people, the prospect of assessing the best deals amongst energy suppliers is not exciting. It is necessary for us to choose a supplier for electricity and gas but I imagine most people spend as little time as possible thinking about it. This is exactly what the large energy suppliers want us to do, of course. Their strategy is to capitalise on our inertia or lack of interest to keep us as customers when we would be better off finding a great deal with one of their competitors.

Switching Energy Suppliers

Typically what happens is this, we are attracted by a good 12 month deal advertised online and sign up for it. When the initial 12 months are over, we have become accustomed to logging in to a particular account and receiving communication from one company. As the renewal date approached our existing supplier offers us a chance to renew with their ‘best offer’ for you. In most cases, this best offer is not a good deal and the price will rise if you accept it. Many people do accept it because it seems convenient.

What Should you do?

When you receive your pending renewal communication from your existing supplier, make a note of amount of your current direct debit and energy usage for electricity and/or gas and visit a comparison website. I went through this process yesterday, as I do each year, the website I used for comparison is called uSwitch, you could also try moneysupermarket.com. Allow yourself around 10 minutes to input some details about your existing supplier and contract and then the website will present you with the best choices for your energy supply and you can select one. My selection of new supplier meant that I will save £110 on my energy usage over the next 12 months.

Most people I have spoken to about this are aware of these websites but do not make a habit of visiting them each year. This is exactly what you should do to the best value for money deals. The same also applies for other categories including car insurance and home insurance.

The comparison websites I have highlighted are based in the UK because I live in the UK. If you live in another part of the world please use similar comparison websites to achieve the same results. I would be interested to know some of those websites and which country they relate to, you can let me know in the comments section below. Also, have you recently changed energy supplier? Let me know below.

If you have enjoyed this post you will also like the following posts:

Why you Should Drive and Old Car and Pay of Your Mortgage Early

Save Hundreds on Rent Per Month By Becoming a Property Guardian

4 Obstacles you Will Face on Your Financial Journey

Best regards,

Mike

How to Stop Impulse Buying – 10 Ways

This post may contain affiliate links please read our disclosure for more info.

Image credit: https://lavareviews.com/

According to research conducted in 2016, 54% of Britons admit to making an impulse purchase every time they go shopping. Impulse buying is a big problem that results in many losing control of their financial affairs and failing to stick to their budget. Consumers impulse buy both in-store and online, with in-store customers being more susceptible to impulse purchases. Retailers have accumulated their own data and design their stores to encourage buying on impulse; the more this happens, the greater the profits for them. What can we do to eradicate impulse purchases from our monthly expenditure? I have listed some very effective ways below.

Impulse Buying

Keep a Budget

Once you have identified your financial goals, the best method to move forward towards achieving your goals is to keep a monthly budget. If you have not already set up a budget, this post will help you, How to Create a Budget That you can Stick To. Budgets make you become more intentional about all of your expenditure and leave little room for impulse buys. Ensure that you look at your budget frequently; be disciplined and you should be able to resist impulse purchases.

Follow a Cash Budget

One step up from a regular monthly budget is a cash budget, following a cash budget will give you further daily reminders of what you intend your cash to be used for. Resist the temptation to take from one of your envelopes to fund an impulse purchase. Stay focused.

Keep a Spending Diary

For a period of a month, write down every purchase you make, there is no need to include bills. Be accurate and include morning coffees and snacks etc. After the month is over analyse your spending to identify any weak areas. Are there regular times when you are more prone to impulse buys? Is it when you are bored? Have you looked around shops during your lunch hour and succumbed to a purchase?

Work out Why you Impulse Buy

What are the circumstances that lead to impulse purchases in your life? Is it when you are feeling a bit low? Or lonely? When you have received some bad news? Or had a particularly tough day at work? Perhaps after you’ve had an argument with your partner? Only you will know the answers to these questions. If you need to talk to someone confidentially about the amount of impulse purchases you are making you can contact The National Debtline or Citizens Advice. Click on the words to be taken to their websites.

Make a List Before you Shop

Make a list of items that you intend to buy before shopping online or in-store. Use retailers websites to get a good understanding of where you can buy the items you need and the best prices for those items. If you can purchase cheaply online, do so. For some items, fruit and vegetables are a good example, it may make sense to visit a store and then make you planned purchases. Having a physical list will help keep you on track and avoid impulse buys .

Introduce a 48 Hour Rule

If you spot something that you would like to buy, but it is not a planned purchase, force yourself to wait 48 hours before purchasing it. This is assuming that you can afford to buy the item and will not have to use money that is already allocated for something else. The self imposed 48 hour ‘cooling off ‘period will allow you time to think about whether you really should make the purchase. Take the time to think about whether you need or only want the purchase. Realistically how much would you use the new item?

Don’t Set up One Click Ordering

Do not set up one click ordering on websites, websites offer this convenience because they know that it will result in more sales for them and increased profits. We have all been in the situation where we are about to leave a website and are then presented with a ‘special offer’ that we can order with one click. This ‘convenience’ can prove very inconvenient when it comes time to reconcile our budget.

Do Not Browse

Do not browse in shopping centres or on retailer websites, only visit if you have something specific to buy. This simple step will cut down the amount of temptation that you face.

Do not Routinely Carry all of Your Credit cards

Carrying all of your credit cards in your wallet or purse every day increases the chance that you will make an impulse buy. This is because the increased access to funds can prove a very strong temptation to many. Leaving them at home in a safe place is much better approach if you are trying to curb impulse purchases.

Convert Your Potential Purchase into Hours of Work

Think about how long it takes to earn enough money to purchase the item, if you earn £30 per hour and you are considering a new pair of shoes for £150 consider whether they are really worth 5 hours of work. How many pairs of shoes have you got already? If your money is limited, also consider the opportunity cost of the shoes. In other words, what will you have to sacrifice in order to be able to buy the shoes.

You don’t have to implement all of these methods to eradicate impulse purchases. Think of this list as a menu and pick those tactics that will be most effective for you.

Monitor your own progress in the weeks ahead. Do you have a problem with impulse buying? Let me know in the comments section below.

If you have enjoyed this post you will also like the following posts:

Why you Should Drive and Old Car and Pay of Your Mortgage Early

Save Hundreds on Rent Per Month By Becoming a Property Guardian

4 Obstacles you Will Face on Your Financial Journey

Best regards,

Mike

Can you live off a Cash Budget for a Week?

This post may contain affiliate links please read our disclosure for more info.

Image credit: https://www.thebudgetmom.com/

The next stage up from following a monthly budget is living off a cash budget for a week or a month. If you are not already following a monthly budget, please read this post, How to Create a Budget That you can Stick to; that post will help you create your monthly budget. For those of you already following a monthly budget, the cash budget could be for you. Following a cash budget will enable you to make further financial gains.

What is a Cash Budget?

Each month you receive your salary or pay cheque, when you do you should pay all of your bills and account for your needs. There will be money left over that you allocate to discretionary spending; items such as groceries and entertainment will fall into this category. For each of these items of expenditure you are going to withdraw the money from your account and place the money in an envelope. For example, if you have allocated £200 for entertainment during the month, you must place £200 in the entertainment envelope. Once that entertainment envelope is empty, you have run out of money for entertainment until next month. The same applies for all the other sub categories.

The Benefits of a Cash Budget

The beauty of the cash budget system is that you will physically see how much you spend on different items of expenditure. Compare that to contactless payments with plastic cards and no receipts, a scenario that makes it so easy to lose track. When you are living with a cash budget, do not steal from one envelope to make up for a shortfall in another. Your envelopes will become emptier as the month progresses; you might find that you are spending a lot on entertainment, groceries or lunches at work.

If you are disciplined, the cash budget system will make you more intentional about everything you spend your money on. This will mean greater control of your finances, which in turn will mean that you improve your net worth and achieve your financial goals more quickly.

It may be that you need to make more money, if that is the case the ideas contained in this post will help you, 10 Ways to Make Money Now.

What if you Have Money Left Over?

If you have money left over in some sub categories and shortfalls in others, you may need to re-visit your monthly budget and make some changes. If you have money left over and no shortfalls it would be advisable to increase the amount that you are saving.

The ideal scenario is for your first experience with a cash budget to be a positive one and for a new habit to be created. Research has confirmed that paying with cash will make you more conscious of every expenditure. Many people have attributed their success in paying off debts and achieving savings targets to the fact that they have used a cash budget.

Your Challenge

Your challenge, should you choose to accept it, is to live off a cash budget for one week. Split your money into budgets for the different sub categories and then live out of the envelopes on a day to day basis. I would love to hear about any progress that you make. Also, feel free to tell me about anything you found particularly difficult and how the overall process made you feel about your personal finances.

Let me know in the comments section below.

If you have enjoyed this post you will also like the following posts:

Why you Should Drive and Old Car and Pay of Your Mortgage Early

Save Hundreds on Rent Per Month By Becoming a Property Guardian

4 Obstacles you Will Face on Your Financial Journey

Best regards,

Mike

Has the Cryptocurrency Bubble Burst?

This post may contain affiliate links please read our disclosure for more info.

Image credit: https://smartereum.com/

Unless you have been living under a rock for the past ten years, you will have heard of cryptocurrencies. Cryptocurrencies are decentralised digital currencies based on blockchain technology; a cryptocurrency enables value to be transferred from point A to point B without an intermediary; traditionally your bank or a company such as PayPal would act as the intermediary.

The value transfer is validated via a distributed ledger. Blockchain technology, which provides the technological platform for cryptoocurrencies, has the potential to disrupt many industries in addition to the financial services sector. Most people outside of the sector, associate blockchain technology with cryptocurrencies and refer to Bitcoin when thinking about cryptocurrencies.

Cryptocurrencies: Origin and Development

Bitcoin was the first cryptocurrency created. It was created by Satoshi Nakamoto in January 2009, the identity and whereabouts of Satoshi remain one of Bitcoin’s mysteries but what is clear is that Bitcoin has disrupted the financial services industry ever since. Subsequently, many other cryptocurrencies have been introduced with Ethereum being one of the most significant. For more information about how cryptocurrencies work from a technological standpoint, read this article.

A new cryptocurrency is introduced to the market via an Initial Coin Offering (ICO), a fundraising exercise similar to Initial Public Offerings (IPO). These ICOs enable new companies to finance their blockchain technology based projects. The company’s founders and development team behind each project will write a whitepaper to explain their vision and plan. Potential investors research projects, read the respective whitepapers and invest in companies via ICOs. This website show’s the current market price for the hundreds of cryptocurrencies now in existence.

Cryptocurrencies as Investments

The success of ICOs and the emergence of Bitcoin millionaires attracted many individuals motivated purely by financial gain. Bitcoin, once priced at just a few cents in United States currency ( Pre 2012) experienced a rise in price up to $19,783.06 in December of 2017. It’s current price is $6,672.98.

In a lot of cases, ICOs were launched with no intention of delivering on a project, they were money making scams; the people behind them disappeared after the process. In recent years, the vast majority of new coins are worthless. Buying cryptocurrencies is akin to gambling at a casino or at betting on a horse. Extreme price volatility is standard as is the chance that the promising coin you bought with be worthless in 12 months.

Has the Cryptocurrency Bubble Burst?

Cryptocurrencies are here to stay, it is no coincidence that the start of the current bear market coincided with an influx of institutional investors trading bitcoin futures on the Chicago Board Options Exchange and the CME Group exchange from December 2017. Many of these professional investors began ‘shorting’ bitcoin. In layman’s terms, this means they bet on the price of bitcoin going down. Large financial institutions have now investments in bitcoin, it appears that cryptocurrencies are now part of the investment landscape; they are not in a bubble. Bitcoin and other cryptocurrencies have been down before and bounced back. My guess is that this will happen again and like many I hope to be in a position where I can capitalise.

What Should You do?

First of all, do your research and if you are still keen to buy cryptocurrencies, Coinbase is a relatively safe place to start. You can sign up for Coinbase here and because I referred you, when you sign up and buy or sell $100 of bitcoin or more, we’ll both earn $10 of free bitcoin!

Have you bought any cryptocurrencies? What has been your experience? Let me know in the comments section below.

If you have enjoyed this post you will also like the following posts:

Save Hundreds on Rent Per Month By Becoming a Property Guardian

4 Obstacles you Will Face on Your Financial Journey

Best regards,

Mike

Why You Should Drive an Old Car and Pay off Your Mortgage Early

This post may contain affiliate links please read our disclosure for more info.

Image credit: https://cars.usnews.com / Car pictured is a 2007 Honda Accord

I get it. Most of us like nice things, especially nice shiny new things that get us from A to B. There is no denying that driving a brand new car sends a signal to the world that we are on the right track and can make us feel good about ourselves, but at what cost? Car payments are often the second or third largest items of expenditure on most people’s monthly household budget. If you are serious about pursuing financial freedom you will need to stop making ego-driven financial decisions.

I have noticed something, lots of people with immense wealth drive extremely ordinary cars. They often pick fundamentally sound cars that have good reputations but then they hold onto them. For them, impressing the neighbours is not a priority. They are more interested in increasing their wealth generating assets.

A Car is not an Asset

Money in the right savings account will be compounding for you, whereas money spent on a brand new car will evaporate day after day as your car depreciates. Let’s be clear, only the rarest of classic cars appreciate; most cars depreciate in value. Whilst you’re busy impressing the neighbours, your money is leaving you.

Similar to savings, property is also an asset that will appreciate over time. In most parts of the United Kingdom and many places around the world, property increases in value year upon year. If you are a homeowner, you can further increase the equity in your property by making additional payments against your mortgage. This means that you will pay off your mortgage in a shorter period and as a consequence will save thousands in interest on your home loan. You will be able to own your home outright many years earlier than originally agreed. Your mortgage provider would prefer that you do not do this because they will lose thousands of pounds. If you can afford them, making additional payments against your mortgage is one of the best financial decisions you can make in your life.

Trade Down Your Car

In many cases, a car is necessary; to get to work, or pick up the children from school, plus all the shopping trips and errands that you use it for. I’m not advising you to make do without a car; simply downgrade the latest model or forego the latest model to focus on your financial goals. In doing so you will be trading down your car to bring you closer to financial freedom. If possible, buy a much older car and pay cash for it. The money you save on car payments can go towards additional payments against your mortgage. You would be surprised how much difference an extra £200 or £300 per month will make.

I realise that for many people this kind of approach will require a mindset shift; choose this approach because it suits your financial goals and stop trying to keep up with the Joneses. You never know, the Joneses may be up to their necks in unsecured debt. By being disciplined, you will soon be far ahead of them anyway.

Making extra payments against your mortgage will increase your net worth. You should be tracking your net worth on a regular basis, this post explains the why and how, Why You Should Track Your Net Worth.

Have you considered buying an old car? Have you made additional payments against your mortgage? Let me know in the comments section below.

If you have enjoyed this post you will also like the following posts:

Save Hundreds on Rent Per Month By Becoming a Property Guardian

4 Obstacles you Will Face on Your Financial Journey

Best regards,

Mike

4 Obstacles you Will Face on Your Financial Journey

Make Money By Being Part of a Focus Group

This post may contain affiliate links please read our disclosure for more info.

Image credit: https://www.peopleforresearch.co.uk/

If you need to make some extra cash every now and then, you should definitely consider being part of paid focus groups. A focus group is a qualitative in person market research session. Companies will often test new products or new product ideas with focus groups to collect consumer feedback. Normally you will be required to attend the venue where the focus group is taking place, then the moderator will lead you through the format of the session and introduce the new product or idea. Focus groups are great for you because you do not need to do any preparation and you are being paid to sit in a room and give your opinion.

How do Focus Groups Work?

Every focus group is not open to everyone, ultimately the research is being commissioned by a company or organisation that has a goal in mind. They will also have a specific target audience in mind; this will be the target audience for the new product or idea when it launched to the public. Each focus group will have a research brief; some will call for stay at home Mums, while others may require self-employed workers. In most cases, you will be required to give up to 90 minutes of your time and for this you will receive between £50-£200. That is pretty good considering all you have to do is give your opinion.

How do you Take Part?

Throughout the United Kingdom and in other countries there are specialist research companies that organise focus groups. I have been contacted by two companies that I will link to in the text. The first company is an American company based in New York called Respondent.io. They are operational in New York, San Francisco and London. If you are interested in participating in their focus groups visit their website and sign up. You will then be emailed focus groups that you qualify for; they also conduct some one to one research interviews via phone.

Another company that organises focus groups is GS Qualitative Research. Their focus groups are usually held at central London locations. Please Google ‘focus group research in (your city)’ to find out the names of companies organising focus groups in your town or city. When you find them, sign up to their email list.

Once you have registered for a few focus group companies, you will begin receiving invitations for relevant groups. You will not be able to control when the events are scheduled, but if you are selected you will earn easy money.

Have you ever participated in a focus group? If so, how was the experience? Let me know in the comments section below.

If you have enjoyed this post you will also like the following posts:

Best regards,

Mike

4 Obstacles you Will Face on Your Financial Journey

Save Hundreds on Rent Per Month By Becoming a Property Guardian

This post may contain affiliate links please read our disclosure for more info.

Image credit: https://www.propertyguardians.com/

Please make sure you are sitting down as you start to read this post. It is possible to save hundreds of pounds per month on rent in central London and some other cities across the UK. You can live in prime locations for just a few hundred pounds a month as a Property Guardian. Across the UK and dare I say it, the world, accommodation is the largest monthly expense for adults. This is an opportunity for those who are flexible to significantly reduce their monthly accommodation expenditure.

What is a Property Guardian?

There are property owners in London and other cities, who have to leave their properties empty for a period of time. Perhaps, they have to work abroad for work or have taken a sabbatical to travel the world. There are also commercial property owners. Whatever the reason this group of people would now need to employ a security firm to oversee the property in their absence and ensure that it is well maintained and free from vandalism and squatters. This is where Property Guardians fit in. Property Guardians are essentially live in caretakers who look after the property in return for a heavily reduced monthly rent.

How Does it Work?

People who are interested in becoming Property Guardian should contact one of the entrepreneurial companies that have been set up in this space. There are over 30 now, some are national whereas others are have a London focus, click here to visit the website of Global Guardians, or here to visit dotdotdotproperty.com . The second company is a Social Enterprise and takes a different approach to the for profit companies.

It Seems Too Good to be True

Well, funny that you should think that, there is a potential downside too. What you are looking for is a clean, convenient space with basic amenities that enables you to look after a property in return for a heavily reduced rent. There are two clear benefits for the property owner, first of all they get a live in caretaker. Secondly, when commercial properties are converted into residential dwellings they can save thousands in business rates reductions.

Unfortunately not all property Guardians have not had positive experiences, there have been instances where some Property Guardian companies have increased rents for Guardians and failed to maintain basic amenities including showers and kitchens.

My recommendation is that you do your own research; if you are flexible and can find a reputable company and good location – go for it! It could be a great way to live more frugally and help you to save money for travelling or some other major expense. I would not recommend Property Guardianship for families.

Have you ever been a Property Guardian? What was it like? Let me know in the comments section below.

If you have enjoyed this post you will also like the following posts: