CASH UNSTUFFING & CONDENSING | AUGUST SINKING FUNDS UPDATE | UK CASH STUFFING
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- čas přidán 22. 07. 2024
- Hello and welcome to my August sinking funds update, and latest cash unstuffing / condensing.
Thank you to everyone who has supported my CZcams channel and etsy shop.
My Etsy shop is linked here: www.etsy.com/uk/shop/IrisBudgets
Please check my instagram @irisbudgets for latest stock updates.
My cash tray is by mDesign and can be found on Amazon (currently unavailable) amzn.eu/d/1qHLGNi
My Filofax purse is a Filofax saffiano from Amazon.
I use Starling bank for my savings spaces
My new envelopes for my saffiano and birthday binder are from Budget with Ira. www.etsy.com/uk/shop/BudgetWi...
My clear binders with the grey clasp are from shein: www.shein.co.uk/1pc-Clear-Loo...
I made my vellum envelopes using a tutorial by Happy2planwithDesiree the video can be found here: • DIY HOW TO MAKE VELLUM...
I purchased the following to make the envelopes from Amazon:
Vellum paper: Cridoz 50 Sheets Vellum Transparent Paper amzn.eu/d/9BTZb5j
Thick matt pouches: Ibico A5 Laminating Pouches, Matt Finish, 250 Micron, amzn.eu/d/hREXvwV
Thin Matt pouches: Fellowes A4 80 Micron Admire Stylish Matt Laminating Pouch (Pack of 25) amzn.eu/d/e5PJ4FV
Vellum envelopes can be purchased from the following shops (more are available).
UK:
LA Belle UK store: www.etsy.com/uk/shop/Labelleu...
OXMailStudios: www.etsy.com/uk/shop/OXMailSt...
Budget with Char: www.etsy.com/uk/shop/Budgetwi...
Philly and Brit: www.etsy.com/uk/shop/phillyan...
US:
The Aesthetic Dollar: www.theaestheticdollar.com
Beautifully Me and You: www.etsy.com/uk/shop/Beautifu...
Mindy plans: www.etsy.com/uk/shop/mindyplans
Germany:
www.etsy.com/uk/shop/TheEssen...
The build and buffer challenge is from Carocash: www.etsy.com/uk/shop/carocash...
My sparks of joy challenge is from The Budgeting Bear: www.etsy.com/uk/shop/TheBudge...
My scouse girl budgets challenge is from Scouse Girl Budgets on Etsy: www.etsy.com/uk/shop/Scousegi...
My 50p challenge and travel treasury are from Esther at My Money Matters www.etsy.com/uk/shop/MyMoneyM...
My 1-100 penny challenge is from Scottish Highlander www.etsy.com/uk/shop/Scottish...
Thank you for watching! #budgeting #cashenvelopes #cashstuffing #savingschallenge #sinkingfunds #ukcashstuffing #sidehustle #billcondensing #cashcondensing #condensing
As a person who works in energy industry in UK, what I can advise is. - contact your supplier for your monthly projection and compare your direct debit. If it matches, you can use this money. Your direct debit is reassessed every 3 months based on your usage but projection is based on whole year of usage and forecast. If you'll keep your direct debit close to projection, you don't need extra money on hand. This is why we have it in first place, it works as an energy envelope ✉️ ❤
Ah that’s good to know. I’ll get in touch with them and see what their advice is. Thanks for the insight! X
Oh man! This is so satisfying to watch. It's only a dream to me at the moment to be able to "condense" anywhere near this amount, but I do feel watching your channel (among many others - I'm almost addicted now 🙈) that I'm definitely on the path to having substantial savings!
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Ah I’m sure one day you will! I started out small and now I try and budget so much I don’t spend that much on things I don’t need! Watching videos definitely inspired and helped me! X
cash stuffing has completed change my life- I have a small income compared to what I was used too, and I saved 500 this month!!!! I barely spend money on things I do not need! Thank you for inspiring
Wow well done that’s amazing!! X
Brilliant. These are so relaxing... I consider it therapy to see you condensing and taking a nice chunk back to the bank. Your voice is so soothing and you keep up a steady conversation. I am so relaxed after one of these videos. 26:40
Haha I love watching these too it is like therapy! thanks so much ♥️
Keep the energy buffer for one more bill. You don’t want to get caught off guard!! You will be kicking yourself later if u need more money!! I love your videos. You r doing a smashing job!!
I’ll keep a good chunk in my buffer just in case. Thank you! X
Love watching your cash condensing, it makes me want to keep going 😂❤
Yesss! Love getting motivation from others!! X
Ahh best part of the week is when you post a vid!!!🥰
Yay! Thank you! ♥️♥️
I get a great sense of satisfaction watching this video! ❤
Glad you enjoyed it!
Your cash condensing videos are always so satisfying to watch!
Thank you so much! X
Yay love these videos so good to see the progress
I'm so glad! Thank you! X
Love your cash condensing videos. Amazing progress with all your envelopes 💜
Thanks so much! 😊
Absolutely love your condensing videos ❤
Thank you so much! X
Love cash condensing videos. Fab video Iris 🩷🩷
Yay! Thank you!
These are my favourite type of videos ❤️❤️
Mine too! 🙌🏼
🍷Relaxing after work. 🥰
Perfect! Xxx
You make it look such a breeze to save 😂❤ love it- very inspirational as always Iris ❤
Thank you! 😊
On the energy sinking fund, I would keep it where it is ! Two christmases ago, I was hit with a £700 energy bill out of nowhere, three weeks before Christmas.
Luckily we were fine, but it could have really really affected Christmas if I wasn’t prepared !
Oh gosh really?! I try to keep up to date with meter readings so I sort of know where I am at. I will definitely keep some of it though! Thank you x
@@irisbudgets It was awful. Someone from the energy company (this was back before we were upgraded to a Smart Meter) had come to read the meter months before and had imputed the reading wrong (basically as if we’d hardly used any electricity since the previous reading) so my direct debits had decreased drastically. I hadn’t noticed as I wasn’t budgeting or keeping track of my bills back then. When they came to do the next reading, they obviously inputted the ACTUAL usage so basically had to pay for 10 months worth of electricity in one go - and they gave me a month or a fortnight to get it paid (can’t remember, but just remember it was a fortnight from when I opened the letter). Luckily had the emergency fund to do it and it seems quite an isolated problem but I wouldn’t want anyone to receive that same bill in the first week of December and not know how to pay it !
For energy…maybe ask yourself a couple of questions…
1. Do I have room in my “every day” budget to cover increased energy costs?
2. Did I need this extra money during the energy increases from the last year or 2?
3. Is there a sense of piece knowing I have this money set aside or does it feel like it could be put to better use? Maybe your £500 buffer is enough “safety”…I see this challenge is almost complete!!! Or maybe this money completes that challenge.
Guess this is how I would approach that envelope/savings…may or may not be helpful 🤷♀️
This is such good advice!! I’m going to have a buffer anyway in each envelope so I might use it to boost my buffer and maybe put £150 or so to holiday. Obviously 😂😂😂 xx
Something exciting about cash condensing! 🎉I tend to do mine as I go along 😂 Greta to see your progress ❤
Thanks Esther 🙂♥️♥️
The bank holiday total confuses me too 😂
Such a beautiful set up x
Hehe right? 😂
New to your channel & catching up on videos. Great savings and I enjoyed your condensing ❤
Welcome and thank you so much! ♥️
This is really encouraging that putting 'just' £5.00 away really makes a difference! Thanks for sharing! I was fortunate enough to snaffle myself a Bee Binder - to go with my Moo Biner... Happy happy days! Thank you!!! Rx
It really does add up Ruth!! Every 5 counts 😀♥️♥️
So addicted to these videos 😂
Yey thank you ♥️♥️
Great condensing Iris 👏 oh I would leave the energy money as a buffer ….can always put it towards your hol next year but at least you have a buffer for the winter xx
I’m keeping some buffer thank you so much! X
Fab video 🎉 can't wait till you get to count the £5 challenge 😀 will be a great amount to go towards your hols xx
Ah me too!!! Soo looking forward to that xx
Great as always Iris. Love a good cash condensing. Dunno what happened. I watch your vids on the big screen and always forgot to comment after. Hope you've been well. ❤
Very well thank you so much!! ❤️
Great job 😊
Thanks! 😊
Love a condensing video 🙌🥰
Me too xxx
With the energy fund, I’d keep half in the buffer and redistribute/spend the other half. Most people are saying to add some to your holiday fund - go for it! 💖
Yep I think I’m going to do something like that!!! Defo! Thank you xx
Even saving coins does add up. We are moving my son back to college tomorrow and he has a container of quarters for at least a few months of laundry. Love watching as always Iris.❤️❤️
As that’s so cool!! Great way to start saving I wish I had done that when I was younger 😂
Great video. I would keep half in energy and put the other half towards holidays.
Thank you!! I’m defo going to use some of it elsewhere! X
Its always great to look back at the month and see the progress. I would keep the energy bill money just in case. You can always move it arojnd later. ❤😊
Thank you I’m going to add most of it to buffer xx
Yay another video from Iris! I suggest keeping 100 pounds in the energy fund and putting the rest towards your holiday! :)
Good shout!! I’m defo going to split it up a bit ! X
Great video as always. Love a good condensing. Need to do mine but it’s been a spendy spendy month 🤣. I think I’ll skip
It till next month, might have something to count lol. Keep smashing it Iris xx
Haha yes skip it if you need to! Thanks so much xx
Great progress on all your envelopes this month. I'd keep at least half of your energy fund in it's current home (in case you need it over winter - mini emergency fund) & use the rest to either fund other priorities or put it towards your holiday 😊 Whatever you decide, it's your money & therefore your choice 😎 xx
Thank you so much - yeah I’m going to split it up a bit I’ll explain in my next vid x
Dito shecanbudget ❤great video
Love your cash condensing video! I find it hard to condense and put into different accounts cuz my bank charges a fee to have that account. I also hate spending the money I saved even though that’s what it’s there for. 😊
Ah really Meghan? Not sure where you are but loads of banks in Uk now offer pots for free x
I’d keep hold of that energy money until the end of winter….. if you don’t need a top up by then I would add it to your holiday fund.
Thank you Susan! I think I’ll split it up and add some to buffer x
Love these videos… 😊
Glad you like them! They’re my fave!! X
Look at all them pretty placeholders 😍 always look forward to your videos ❤ .. ive just started up on here, feels strange hearing my own voice on a youtube video 😂👀 after 8 months of cash stuffing and just restarted your Christmas binder for Christmas 2024 😂🙈 also on round 2 of the 1k one. Grafting! 😂 .. I would keep some buffer as the prices aren't going down that much but also depends how much your paying in verses what your using. We are using around £80-£90 for both since April but pay in £165 so have a couple of hundred in the account to see us through winter extra. I think we will have a really cold winter this year 🥶 £5 really do add quickly, so looking forward to seeing how much is in your £5 challenge at the end of the year. Not sure what your doing with it but would be good towards your holiday spending money 😉 aswell as scouse girl & ira! ❤ I'm loving how much that holiday fund has built up already! Definitely going on that second trip, before the first 😂🎉 the 10k is coming on great already. X
Ah wonderful! Thank you so much for taking the time to comment. Defo going to keep some of the energy fund as a buffer xxx
Very satisfying! Love these videos. Could you add some of the energy money to your emergency fund? That way if you do get a big bill in winter you can take it from your emergency fund.
I think I’m going to add some to buffer!! Thank you xx
@@irisbudgets sounds like a good plan
I love watching your videos so motivating and satisfying! ❤
When you show the amount you’ve got in the bank like the little picture in the corner, is that a app that you use or is it like your online banking?
Hi yes it is my starling bank acc I just take a screenshot of each pot 🙂
you could put some of the energy money in miscellaneous. But I would still keep a little buffer in energy.
great video. always enjoy watching…🤩🤗
Defo! Thanks so much x
I would maybe leave the energy buffer till around Christmas, you never know when they will wack the prices back up again lol.
You have done so well this month with how much you said you had been spending 👏👏
I’m defo going to keep some of it! Thank you so much! X
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I'd keep some in energy fund
Yeah defo going to keep a big chunk might just add it to buffer for that binder though x
I love cash condensing videos! I need to film my own and get my money safely back in the bank earning interest 😅
Yey do it!! Love getting it out of the house x
Save half the energy for winter and other half into holiday x
Second this idea!
Good shout!!
With your energy fund extra, (with all laughter), I say buy your damn cushions woman! 🤣🤣🤣 What you don't use, I'd keep it in there just in case. haha Love you friend!
Haha Robin I bought some a couple of months ago!! Love them - so overdue 😂😂♥️
💜
Yes 💪🏼🙌🙌🥰🥰
Maybe move the energy buffer to your general buffer envelope?
Yes this is a great idea! Maybe give it a boost and then spread some of the money elsewhere!! X
The energy prices will rise again in December according to Martin Lewis it will be up and down every 3 months I would keep £100 then put the rest towards your holiday x
Oh really? I’m going to see what my bill is when they go down. Need to send a meter reading then we will see! Thank you x
Who knows on the energy bill - I'm being overly cautious for a while longer, I'm thinking lets see how this winter goes 🤔
Yeah I’ll definitely keep a lot of it in energy / buffer x
Where do you get the box divider thingy that you stack your notes in please?
Hi Tracey it’s linked in the description xx
I've got £400 my emergency energy fund. Knowing my luck I'd move half of it elsewhere and the government will change their mind and hike up the prices again 🤦👊.... plus I refuse to be cold 🥶😂
Hahaha you’re so right Elain! I’ll definitely keep some of it! Thank you so much! X
I would save some of your energy buffer as winter is coming so you may need it but you can also move it to something else you would like to use the money for 😊 like half and half 👌
Your buffer is coming along nicely 💪
Awesome almost £9000 🙌💗💙💗
I think you’re right Cris! I’ll add some of it to my overall buffer in that binder I think. Thank you so much xx
Maybe leave £50 in Energy Fund as a buffer and use the £200 to replace your Apple pen?
Yeah I’m going to keep some in buffer. The pencil is hanging on so I’ll keep it for a bit longer. 😂😂
What is your “Lux” envelope for hun? Xx❤
Hi it’s just to save slowly for a luxury item - could be a bag / purse / piece of jewellery. X
@@irisbudgets love this idea xx
Loved this!!! Just wondering how your face is settling down?
It’s not bad actually! Although I find it weird not being able to frown 😂😂 I might ask him to put less there if I get it again x
Glad it's settling down I have thought about it myself, I'm 51 and have one deep line between my eyes I would love plumping up lol may try that .
@scrapplancreatewithtracey9714 defo go for a consultation!! Might as well they’re usually free x
Didn't you have a half-filled bag of coins from last time?
Hi that was from unstuffing Errol! It’s got 20ps in it xx
Move some of the energy to holiday fund!!!!!
I think I would love to do this 😂😂
I would add $200 to your $10k challenge and add the $50.00 to going out with friends. 😊
Ooh there’s an idea!! I’ll defo split it up I think! X
How come that there is more money in your envelopes than things for others? Just asking.
Hi Pauline I’m not sure what you mean, can you elaborate please?