Welcome to my new guest series where I invite fellow bloggers to write about their blog, how they make money from it and share their top tips and success stories. I would like to give a warm welcome to Jennifer, from Mamafurfur, tell me all about her blog.
Please tell me about your blog and why you started to blog about money.
My blog (and YouTube channel) goes by the name of Mamafurfur, and you can find me at mamafurfur.com. About two years ago now, I decided there had to be a better way to manage money than struggle with debt and constantly have two wages making ends meet. I was on my second maternity leave feeling like I had no option but to go back to full time work, and then one night I decided I was going to find a way to get debt free including our mortgage. That night sent me on a Google search finding out about investing/passive incomes/money management and countless Amazon book purchases later – I was hooked! More than that, I struggled to find many British faced sites talking about investing and money – and so I decided to create my own to help others.
What was your first ever blog post?
My first ever blog post was one about Motherhood I think in general.
What is your favourite / most popular post?
Currently one of my most popular posts is helping others open an Investment ISA using Vanguard to start investing.
It’s a good blog that everyone can learn something from. I didn’t realise the ‘rule of thumb’ of subtracting your age from 100 to get the stock investment ratio.
Have you ever had a parking ticket?
Was it deserved? Nope don’t believe I have thankfully!
Very good! You’re one of the lucky ones as you have a 1 in 4 chance of being caught out by private parking operators.
What’s your biggest money failure?
That had to be not understanding that getting cars on finance/leasing deals and a “monthly” amount wasn’t a smart money choice. Making decisions based on how much income you have in the moment is never a great idea, but I’m thankful now after a good few years of hard efforts we are debt free outside of our mortgage completely.
That’s a trap that a lot of people have fallen in to without realising the consequences. I believe that Personal Contract Plans will be the next PPI scandal with mis-selling at the heart of it.
What’s your biggest money success?
That has to be completely paying off all our debts (we paid of £24K worth of consumer debt on my husband’s side within 3 years) and then clearing car loans/finance. Learning how to invest in the stock market was my greatest learning asset, as now I have a way to create passive income for our future allowing us to retire earlier if we wish.
That’s brilliant – well done! Clearing debts, living within your means and creating passive incomes is something that was probably instilled in previous generations that has been forgotten about.
Do you ever complain to get redress and refunds if service or goods don’t come up to scratch?
I have in the past when I have felt service wasn’t up to the standard I would have wished. One example is our washing dryer, which went up in smoke. An engineer came to repair it, but the company was only willing to repair rather than replace fully. As an electronic engineer myself I knew the product was not safe and needed replacing – I ended up taking the escalation to the highest level and got back half our money.
Well done – that is a textbook example of how to seek redress by asserting your consumer rights. Part of the problem is that consumers are not aware of their rights and how to seek redress, but equally, you need to be realistic on your expectations when doing so.
Have you ever won a pothole claim? Do you know how easy it is?
Potholes and the state of the roads are the bane of our lives. Councils are taking liberties with motorists by fobbing them off with legalese jargon and relying on a statutory defence saying that they cannot be held liable for potholes they are not aware of, which is simply unacceptable. One way of enforcing a claim is to refer to it as a collision, which holds someone liable. I won a claim against Edinburgh City Council within 4 weeks, so it can be done.
Which Moneyblogger(s) do you most admire and why?
Totally agree. It’s been a real eye-opener for me to see how many writers and bloggers there are and the high standard of their content. It’s a great community to be a part of and I appreciate the support and advice shared by everyone.
Where do you see yourself in 5 years’ time?
My goal is to continue to create a blog and YouTube channel that helps people with their money, and I would like to write another book about Money management. My goal is passive incomes for our family supporting our life outside my day job, and so to achieve that within 5 years would be outstanding.
That is probably the aim of every blogger insofar as creating passive incomes from their passion. It’s certainly mine, but time management is something I need to work on to achieve it.
Thank you once again Jennifer for sharing your story with me. I found your answers inspiring and there’s something everyone can take from it. I love your website and how you have cornered your niche on YouTube and podcasts.
Have a look at www.mamafurfur.com and see for yourself.