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 …
Have you ever looked at your bank balance towards the end of the month and asked where did all my money go? I know I have…too many times. You can’t remember anything substantial that you bought, and other than paying bills, you’re not sure where your hard-earned money went. Come to think of it, am …
could tracking expenses be your fast track to wealth? Read More »
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 »
Research shows that over a quarter of people go into debt over the December holidays. Approximately 20% of people will likely carry a credit card balance into the new year. Do you often start out with good intentions then before you know it, your budget has spiralled out of control? For some, checking their balance …
