Emergency Fund – Do I Need One?

An emergency fund, in my eyes is a must have. What it is, is basically a bank account you have with enough money to last you for 3 months or so, incase you loose your job, or an emergency pops up, like your car breaks down, boiler packs in… and …

Living by the 50/30/20 Budget

Budgeting is more than just knowing how much you make and spend each month, a budget should determine how much you spend and save each month. The 50/30/20 rule of budgeting, also called the 50/30/20 budget is a proportional guideline that can help you keep your spending and saving balanced. …

Compound Interest – Why it is Important

Einstein once said, Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it. Compound interest is the most powerful force in the universe. Everyone likes the thought of earning interest on their savings and investments (check out how to …

The Snowball Effect – Paying off Debt

Paying off debt of any kind may seem scary, but using the snowball effect strategy makes light work of it. Remember making snowballs as a kid? You probably realised that the fastest way to make one was to pack some snow into a small ball, then roll it around. As …

How to Make a Budget

The big question, how to make a budget? Making a budget may seem like a daunting task, you may find out you have been spending thousands over the years on something that you never actually use, like a gym membership, or that Netflix account that you used twice, but it’s …

Why Bother with a Budget?

Why would you even bother with a budget? After all, you may know roughly how much you spend each month, and how much you make each month, so whats the point? Some people may think of a budget as restrictive, but it doesn’t have to be, it is just showing …

Peer to Peer Lending – First Opinions

With the current UK inflation rate sitting at 2.9%, it’s important to me to preserve my current wealth, never mind generate more wealth, look at it like this, if I have £1000 saved, it will be worth 2.9% less next year… £29, I would rather make £29 than loose it, …

My Current Investments – Updated Monthly

This page is going to hold all the details on my investments gains, from robo advisor investments, to peer to peer lending. I will not go into detail about my holdings on this page, it’s just for figures. I will update this page every month with new figures. Yearly gain …