A savings rate is the percentage of take-home pay that is saved. For example, £200 saved out of a net income of £2000 gives a savings rate of 10%. A good balance between your consumption rate and the savings rate is good. This is because the higher your savings rate, the more money available to […]
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Raising financially secure children is one of the best gifts we can offer our children. Parenting involves raising children to become adults who are independent and contribute to society. One way to achieve this is by taking steps to secure your child’s financial future. Every parent will think/dream of the day their children will leave
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Are you confused about how to determine the right investment strategy or if you have adopted the right investment style? It can be tricky to know if you are on the right track with all the conflicting information available. Your investment strategy should be tailored to your financial goals, needs, and preferences. So here are
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A lot of us have different approaches to how we manage our finances. Sometimes this is an offshoot of our personality. It is possible that we are doing a lot of great things without being methodical about them. This might be the case with a lot of people who invest. A few shares and funds
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I can’t believe it’s time to start planning for 2021! It’s kind of amazing that today is the last day of November 2020. This year has been interesting, hasn’t it? Moreso as we are in another lockdown here in the UK with continued restrictions when it is over. Like most people, I started 2020 with
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Financial hardship is when you have difficulty meeting your financial obligations and afford necessities. Since I started this blog (It’s been 3 months!), I have been writing about money mindset topics and personal finance basics like budgeting, emergency funds, and boosting your income. However, I acknowledge that for someone going through financial hardship, all of
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