What is Debt Snowball?

What is Debt Snowball

  The debt snowball is a method of repaying debt that has received support from Dave Ramsey, a prominent personal finance expert based in America. It involves paying off your debts from smallest to largest to encourage more motivation to become debt-free. At the same time, you pay the minimum payments on your other debt … Read more

What is the FIRE Financial Movement?

What is the FIRE Financial Movement?

FIRE stands for Financial Independence Retire Early. It’s a movement of people who believe in minimising their living costs, maximising their incomes, and investing for years until they reach the stage that they have enough money invested that they can live off their investments for the rest of their lives. They create the option to … Read more

How Much Voluntary Excess Should I Pay On Home Insurance?

Home Insurance

  Your home insurance voluntary excess is the amount that you will pay out of your pocket, before receiving claims money from your insurer. You pay a voluntary excess on top of any compulsory excess set by your insurance company. The level of voluntary excess that you select for your policy should depend upon your … Read more

Should I Quit My Job And Start My Own Business?

Should I Quit My Job And Start My Own Business

  Quitting your job to start a business, or to focus on a ‘side hustle’ full time, has become a popular trend that many internet celebrities in the self-help field encourage.  For the majority of people it’s a bad decision. Why? Because this ethos encourages people to leave a stable income before they have anything … Read more

How To Save Money Working From Home

How to Save Money Working from Home

  Working from home can lead to a host of cost-saving benefits, such as no commuting costs, fewer takeaway coffees, less eating lunch out, and less need for expensive office clothes. However, if we’re not careful, we can see other costs spiralling, such as energy bills and online purchases, which can that mean overall we … Read more

How To Identify A Pyramid Scheme

How To Identify A Pyramid Scheme

  Pyramid schemes are bad news for people who want to make money online; they’ll set you on a path to lose money. A pyramid scheme will generally involve you paying an initial fee to join a business opportunity, with an ongoing cost each month for inventory. The fundamental way you make money is through … Read more

What Is The Envelope Method?

What is the envelope method

  The Envelope Method is a method of budgeting that Dave Ramsey, the US financial guru recommends. It’s simple; you determine the different areas of your budget, such as food, entertainment, and travel and put each of these category names onto a separate envelope.  You then put your budget for each expenses category into each … Read more