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
Everyone likes cars, or at least I do. They provide freedom, convenience, and for some, status. The Fire community advocates driving a car that is both cheap to buy and run and was bought outright in cash. How realistic is … Continue reading Car Finance: Why it is stopping you from reaching your financial goals.
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
As adults, we are conditioned to accept being in debt. From an early age, we are encouraged to enter into debt to improve our lives. The legal age that you can own property in the UK is 18 years old. … Continue reading How to pay off your debts 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.
I just had the displeasure of reading one of the most childish articles on personal finance I have ever read. It’s an article I wrote when I was aged 23. https://www.bbc.co.uk/programmes/articles/4Gsq4lf46lWz2tB74LH9KQq/why-im-sick-of-being-told-to-save-money OK, so I didn’t write it, but I probably had the same attitude to money as this young lady back then, and I know what happens when that attitude continues on as you get older. You get in huge debt believing that you will never get old and have plenty of time to make your first million. As you are reading my site, and I’m sure you are interested … Continue reading Review of All About The Money podcast article.
Today I made the final payment on my credit card. It felt scary to do it. I had all kinds of anxiety thinking things like “I’m going on holiday at the end of the month, do I have enough?” Well, the answer is yes, I do have enough. It’s a feeling I’m not used to having, but I have enough because I’ve sorted out my financial life. There have been so many times in the past 6-7years where I’ve been struggling to get through the month, or worse just spending recklessly It’s deeply ingrained anxiety that I’ve lived with … Continue reading The day I paid off my debt