In our How I Manage My Money series we aim to find out how people in the UK are spending, saving and investing money to meet their costs and achieve their goals.
This week we speak to Samantha Jayne Scott, 50, who lives in Swindon with her two daughters, who are 21 and 17, and their array of pets. Samantha Jayne and her daughters have three horses, Ted and Micah and Tanner, which cost £300 a month to keep, a dog called Little Miss Coco Chanel, two cats, Diesel and Shadow, and two guinea pigs, Terry and Leroy. Samantha Jayne works as a spiritual coach and healer, and owns and runs her own business, Blocked to Blessed. A big part of Samantha Jayne’s coaching centers on the connection between self-love and wealth.
Monthly income and outgoings
Income: My average monthly income comes in at around £3,500. This mainly comes from my salary and dividends as a director of my company, Blocked to Blessed. I also receive Child Benefit of £57.80 a month for one of my daughters, and Carer’s Allowance of £278.80 a month, as I look after my terminally ill father. Additionally, I also receive some royalties from a book I published many years ago, occasional referral fees for when I forward clients to journalists and maintenance arrears payments.
Outgoings: Rent, £1,295 a month; groceries and pet food, excluding the horses, £300; horse food and other items for them as required, £300; gas and electric, £150; water around £10 a month; car payment, £300; money into savings account, £200; car petrol, £160; car insurance, £20; council tax, £140; broadband, £35; home insurance, £28; TV licence, £13; leisure, £80.
I grew up in Marlow, Buckinghamshire. After being bullied in secondary school, I chose not to go to college or university. I worked as a nursery school teacher and then a nanny, before going into the pub trade with my then-husband. Our marriage did not last long and I went on to do a number of different jobs, including working in recruitment, owning a spa within a hotel and owning a salon.
When I was pregnant with my first child, I also studied to be a meditation tutor, but the pay was woeful. So, I then trained to be a Usui Reiki Healer and a Tarot reader as well. After my marriage ended, I eventually started working from home, which turned out to be a great decision. But financially, things were still pretty tough, as I was only earning about £1,000 to £2,000 a month, and relied quite heavily on tax credit top-ups as a single mother. I never had any spare money, but I always had enough.
About six years ago, the cost-of-living was increasing and I didn’t feel I was making enough money. So, I signed up to train as a breakthrough coach. Everything clicked, and I realized I am passionate about helping people out of their dark places. I also did some training to become an entrepreneur coach and now do a lot of ancestral clearing work as well. Over time, my business, Blocked to Blessed, was created, providing a blend of healing and mindset coaching to people, mainly female business owners.
Almost every client I worked with last year has seen their turnover double, and two have hit six figures in the last 18 months. My businesses’ bottom line took a heavy hit in the first Covid-19 lockdown, but quickly picked up. I’m now making around £3,500 a month from my Blocked to Blessed business in the form of a salary and dividend payments.
I have had to increase my prices by around 10 per cent this year, and the cost of my one-to-one business coaching program is currently £2,000, while my Karmic Cleanse Therapy™ costs £395. Money is not my motivator. I genuinely love what I do and see the money as a bi-product. I still have an income to earn and as a single parent the responsibility for keeping the roof over our heads sits with me alone.
I see myself as a sensible spender and I will not put my family’s finances at risk. I try to put about £200 into a savings account each month. I believe every woman should have three months’ worth of rent saved up in an account in case something goes wrong in their life.
I haven’t got any cash saved up in a pension pot and I don’t think I’m the sort of person who will ever stop working. I will look into starting one up later in life, but for now my priority is to help my daughters through their education and early careers.
I am unimpressed by labels and a flashy life, but I do like to spend money on taking my daughters out for dinner or shopping and going to see shows at the Bristol Hippodrome. We also have quite a few animals, and the horses cost around £300 a month to look after.
Looking ahead, I want to stockpile money and buy a house, which I can live in when my daughters are no longer living with me. I’d love a cozy home of my own.