What does ‘savings rate’ mean? Savings rate is a fairly straightforward metric to calculate and track. It is essentially just your total income minus your total expenditure in any given pay cycle, month, year, or other timeframe of your choice. This is, in my opinion, the best indicator of your financial health. Your savings rate …
Financial independence, or the concept of saving enough money that you never have to work again often decades before most people can retire, has gained popularity over the last decade. But it’s far from an easy goal to achieve so is it really worth it? When most people hear the word ‘retirement’, images of grey …
Adding a partner to budgeting adds a layer of complexity in itself – now you have another person’s money beliefs, needs, goals and habits to consider when you go about managing your money. As money is still such a taboo subject for so many people, discussing it can be awkward and challenging for many couples, …
Investing can seem convoluted and risky before you get started. There is so much information – what are stocks, equities and bonds? Which ‘stocks’ should I invest in? What platform should I use? What do all these little squiggly lines mean? What is the S&P 500? The Dow Jones and the London Stock Exchange? Should …
How are your new year’s resolutions going? Studies show that up to 80% of people give up their promises to themselves by February. If that’s you, don’t despair! The good news is that you can make a change any time; it just takes a decision, some planning, and sometimes a bit of guidance. Here is …
10 tips to make financial leaps at any time of year Read More »
The year was 2020, and as the world shut its doors on social gatherings, work came flooding in through my email, phone, and devices. In my multi-profession of teacher, tutor and proofreader, demand rose exponentially. As courses went online, people found it more difficult to access work requirements and turned to me to support them. …
Finding your ‘Enough’: what i discovered during my no spend year Read More »
