Creating wealth becomes easier when you have access to people who can point you in the right direction. However, acting on every piece of advice you receive will likely lead to poor choices.
Saving and spending ratios
Working out your spending and saving ratios help you identify how much of the time you spend working to pay other people, versus the time you spend working for your future. By combining their spending and savings ratios, couples can help improve their financial position over time.
Financial health
While not all major life choices can or should be financially motivated, a financial health check-in prior to life-changing decisions is a great way to prepare yourself.
How to repay debt
Most of us want to save more, but simply don’t have any extra in the monthly budget. However, if you get rid of debt, you can save more (and sleep better). Here is a clear, simple strategy to repay your debt so that you can increase your savings, without evicting your family.
Debt and financial wellness
Debt can help you reach your financial goals, or cut you off at the knees. There’s good debt and bad debt: good debt helps you to buy or earn assets. Bad debt is used to pay for your lifestyle. But sometimes, even short-term debt is a necessary evil.
An electric fence for your money
Are you ready to buy your first investment? There’s an easy way to check: Do you have an emergency fund? To the naked eye, an emergency fund just looks like a healthy savings account. Us in the know see it as the safety rail that stops our investments being drained by inevitable emergencies.
Am I ready to start investing?
Prepare the ground before you start to invest – a firm foundation can protect your investments and ease the anxiety of making investment decisions. This is too important to rush.
The inflation monster
Inflation is one of the key concepts we need to understand to make good financial choices. In this post we explain what it is and how it works.
Why do I want money?
We enjoy dreaming about what we’d do with a huge gift of money, but money never seems to solve financial problems. The gap between what you earn and what you spend is the result of the decisions you make before you get money. Saving starts with answering the question, “What do I want money for?”