Your online guide to making money, saving money and living life on your terms.
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
Credit card debt can be extremely expensive, so the best way to pay it off is as quickly as possible! While that can sound easier said than done, there are several ways that you can use to tackle your credit card debt, including free balance transfers, getting a side hustle, and consolidating your debt. … Read more
In our younger years, it’s so easy to neglect our responsibilities to make financial plans for the future, and for a time when we may no longer want or be able to work. There always seems to be something more pressing to pay for; a new car, a house deposit, a holiday, a wedding, a … Read more
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
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
Setting a monthly budget involves listing your income and your current expenses to see what money you have left at the month, if any. After that you revisit each item of your spending and decide whether it’s OK, if you need to spend less on it, or cancel it altogether. There are several different … Read more
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
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
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
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