Thetwen­tysome­thin­gen­trepreneur en­joy­ingc­itylifeonabud­get

The Daily Telegraph - Saturday - - Front Page -

Emma Bon­nici, 24, rents a flat with a friend in London. She runs her own events com­pany and also teaches yoga in the UK and In­dia. Her goal is to save money for her long-term fu­ture and in the mid-term to save to buy her own home and a yoga stu­dio. “I would like to have more money to make a nest egg but I’m fight­ing the fact that I spend money as soon as I step out of the front door of my London apart­ment,” Emma says.

“I leave the flat at 8am and of­ten don’t get back un­til af­ter 10pm, so my big­gest ex­penses are travel be­tween meet­ings, classes and events, and food. I eat break­fast, lunch and din­ner on the move, which cost about £5 each, then there’s an­other £5 on fares. It all adds up very quickly.”

Emma’s Smarter Liv­ing chal­lenge is to re­duce her daily spend­ing. That means spend­ing less in cafés un­less it also has free wi-fi that she can use to do some work while on the move. Emma also needs to spend more time sharp­en­ing her men­tal street map, so she can walk to meet­ings and classes rather than hop­ping on the Tube.

By tak­ing charge of her spend­ing, Emma will be able to in­crease the amount she saves each month. She went on­line to use the sav­ings tool to find out ex­actly where she was spend­ing the most money and to work out ar­eas where she could save.

While study­ing Events Man­age­ment at Leeds Met­ro­pol­i­tan Univer­sity, Emma took a trip to In­dia and dis­cov­ered yoga. “It was do­ing Sun Sa­lu­ta­tions on the roof of a build­ing in In­dia that I re­alised how amaz­ing yoga is,” she says.

Emma con­tin­ued do­ing yoga while study­ing; then came the rev­e­la­tion that she could com­bine her ca­reer choice with her pas­sion. She trained as a yoga teacher in In­dia, Viet­nam and the UK, and launched her own pro­gramme of classes last year.

To­day, Emma di­vides her time be­tween teach­ing adult yoga classes in London, or­gan­is­ing chil­dren’s par­ties, man­ag­ing cor­po­rate events, and run­ning yoga re­treats in In­dia.

When she’s not work­ing, she also tries to travel as much as pos­si­ble, and to en­joy London life with her friends when she is at home. “Friends ask how I can af­ford to visit places like Thai­land,” she says. “But I visit places for work, then tag on a hol­i­day at the end of my con­tract. That way I don’t have to fund my air­fare,” she says.

So­cial­is­ing in London is ex­pen­sive, Emma ad­mits, as the cost of drinks and en­try to a club soon add up on a night out. Part of her Smarter Liv­ing chal­lenge is find­ing ways that she can en­joy city life – fash­ion, food and fun – and still put money aside.

“I want to ex­plore the idea of trad­ing ser­vices or spon­sor­ship to help fund my yoga events,” she says. “And I’m go­ing to talk to my friends about meet­ing up more of­ten at some­one’s house, so we don’t wake up with a fi­nan­cial hang­over af­ter a night out.”

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