A consumer society is one where a greater number of goods are bought or sold. When consumers (the people of the country) are able to enjoy enhanced purchasing power, the economy growth is higher; implying that the companies are now turning over huge profits and smiling all the way to the bank. But […]
‘There is no dignity quite so important and no independence quite as impressive as living within your means’ – Calvin Coolidge Everyone knows that in order to be financially secure, you must spend less than you earn. This truth has been recognised and appreciated right from olden times. Why is it so difficult to actually […]
‘The trouble with the rat race is that even if you win, you are still a rat!’ Lily Tomlin The tedious struggle to buy a home, put your children through school and save for retirement can turn into a relentless nightmare. You may have reached a point where you are heartily tired of […]
Most people automatically assume that the way to make more money is to work more in order to earn more. It is often overlooked that getting into the savings habit allows you to be wiser with the money you’ve already earned, instead of having to work harder for longer hours in order to […]
When it comes to financial planning there are more than a handful of mistakes which are repeated over and over. Whether you’re a prince or a pauper, to have a secure and preferably comfortable future, it’s time to get serious and face up to the financial planning mistakes you do not want to […]
When people share their stories about their debt-free journeys they often refer to their ‘light bulb moment’ but what exactly does that mean? Turning 18 is a definitive moment in time. It marks the transition between childhood and legally recognised adulthood. You can vote, you can get a mortgage, you can get credit. […]
The word ‘sacrifice’ conjures up many negative connotations of suffering and loss, but does it really have to be such a pessimistic abnegation when it comes to getting our finances in order? When dealing with our finances we often act in the here and now. We think of the debts we owe, the […]
Compound interest will have a different meaning to you depending on whether you are a spender or a saver. Compound interest can be your worst enemy or your best friend. Here is the thing: How you treat compound interest is how compound interest will treat you in return. Make compound interest work for […]
Many of us have never been taught how to create a budget or been encouraged to learn how to budget our money. There is little wonder that so many now have issues when it comes to managing their household budget. Budgeting our money is a simple enough concept: we work out how much […]
Use this budget template below as a starting point to help you to create your budget plan. You can use the budget sheet for inspiration to create your own budget plan, or you can download and adapt it for yourself using the Budget Template. Category Estimated Amount (per month) Actual Amount (per month) Difference […]