FIRE is all about obtaining enough funds so that one does not have to work any longer. The journey is often long and depends on a high savings rate (the proportion of your income you save) to get there. The … Continue reading The best place to save in the UK: Which UK regions have the highest average household income and lowest cost of living?
In my article, I detail my decision process on investing a lump sum redundancy payout. I was fortunate to get a new job shortly after getting the payout, so I didn’t technically need the money. With a full emergency fund … Continue reading Investing a Lump Sum Redundancy Payout. Make the best of a bad lot.
As a Scot, I’ve heard all the jokes about being tight-fisted, and of having deep pockets but short arms. It’s in my blood to be frugal, but I also don’t want friends to think I’m taking advantage of their generosity. … Continue reading How to NOT lose friends and alienate people with FIRE
May 2020 will, as the other months of lockdown, remain a scar on my psyche. I lost my job, and have been on furlough for 3 weeks. On the positive side, I have applied for dozens of jobs, set up … Continue reading May 2020 – savings and spending update
I have always been a fan of the phrase “Insanity is doing the same thing over and over, and expecting different results”. The quote is frequently misattributed to Albert Einstein, but it is more likely its source is an Alcoholics … Continue reading I lost my job… what now?
April has been one the strangest months of my life. As with everybody, I have been confined to my flat. I’ve found it to be both exhausting and stressful. To top it off, I’ve been made redundant despite working harder … Continue reading April 2020 savings update
So now for the part that feels like finding a document on the printer at work that you weren’t meant to see…my March spending and savings update! Spending Here are my numbers: So as you can see I track my expenses and to do that I am using the Emma finance app which links all my accounts and categorises expenses automatically. It’s great and I don’t need to spend much time to make this chart (Excel). I just copy the figures out the app. The problem areas I always find are eating out (which I include going to the pub, … Continue reading March savings update
Being in debt is very common in the Western world. Often it can seem suffocating and people wonder how they can ever escape. I have good news, it is possible. I paid off £38k of debt in 7 months so … Continue reading How to pay off your debt in five easy steps.
This week has been one of the most strange we’ve seen in the UK, which considering the fiasco surrounding Brexit is saying something! I was in a pub after a meeting on Thursday and the TV was on BBC news … Continue reading Strange times
Every year we hear the media’s views on what is likely to happen in the upcoming year, and every year they are almost certainly wrong. Whether they predict what will happen in politics, the world or in finance it will inevitably be so far from what actually happens there is little point in bothering. Who would have predicted that Notre Dame would burn down, Boris Johnson would win a landslide election and Britain would still not have left the EU? With it being such great clickbait for news outlets to have stories that foretell of the devastation of … Continue reading Why I’m not stressing about the next big crash.