If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting! You may have heard it before but don’t try to get by without a budget because you will be setting yourself up for financial failure. It’s as simple as that. Without a budget you can’t hope to have control [...]
When the Treasury Secretary or Finance Minister of country gives a budget statement, there are always winners and losers all across the nation. In a personal/family budget, there are also winners and losers. Before i go into that, please allow me to present to you some reasons for the need to create a budget in [...]
A London Newspaper today revealed, according to a report, that 50% of Londoners expect to use credit cards to pay for their grocery shopping this month. The figure raises concerns about attitudes to personal debt as the amount Britons owe rose to a record £1.5billion last month. The trend for putting everyday purchases on plastic [...]
“With all of the financial consequences that come along with holiday shopping, travel and family get-togethers, parents and youth alike can find themselves falling into debt,” states Don Murray, chairman of the Manitoba securities commission. To help prevent children from getting on a cycle of debt, parents and their kids need to have candid discussions [...]
A reader recently drew my attention to the fact that not all stores use the 99p tactics. He pointed out that the sales strategy of Primark, a clothes store chain in the UK is that their products are priced not just with 99p endings like other store but with endings like 23p, 57p, 78p etc [...]
People have asked me why i lay so much emphasis on saving for your children’s college education. My answer is that I believe in giving every child a chance of being the best they can be; by being well-educated to face whatever live will throw at them. Do you know that you will spend nearly £16000 even [...]
Tax firm – Tenon have been researching whether employees will be willing to accept salary cut in this current financial climate. This follows the refusal of the long-term hostess of Channel 4′s “Countdown” programme Carol Vorderman to take a 90% pay cut from her £1m salary down to £100,000!!!. 89% of the responders to the poll unsurprisingly said they would [...]
Not Britons – it seems. According to a survey of 4500 people, £38,000 is the ideal wage that British workers said would be enough for them to live comfortably. That in my opinion might just be realistic – FOR NOW!! What happens when they stop working or can’t work anymore? Will the reduced income or [...]
Proverbs 6:6-8 says “Go to the ant, you sluggard; consider her ways, and be wise: which having no guide, overseer, or ruler, provides her meat in the summer, and gathers her food in the harvest”. (AKJV) Save money each month for emergencies that may arise. If your car needs repairs suddenly, pay for them out of your [...]
Adult children are ‘sapping’ their parents’ savings and investments at an increasing rate of knots, as Scottish Widows reveals the position has got even worse over the past year. Over half (55%) of parents have given or loaned their children or grandchildren thousands of pounds compared to a figure of 39% last year – an [...]
