Don’t let pension rules dictate your preferred retirement age

Preferred retirement age is an individual choice. It doesn’t need to be aligned with the state pension, or your employer’s pension scheme. Of course, you may need to do some planning to make sure it’s achievable. A while back, I asked my 11-year-old son what a pension is. He said, “It’s a bunch of moneyContinue reading “Don’t let pension rules dictate your preferred retirement age”

Time to get off the Hedonic Treadmill?

The hedonic treadmill is the tendency for humans to quickly return to a relatively stable level of happiness, despite major positive or negative events in life. As a person makes more money, expectations and desires rise, so there is no permanent gain in happiness.

Rainy days and money emergencies

Having money set aside for a rainy day is very appealing, but don’t confuse that with planning for unexpected money emergencies. A basic principle of good financial planning is to keep at least 3 to 6 months’ of expenditure as an emergency fund. Most people in the UK have not yet managed to save thisContinue reading “Rainy days and money emergencies”

How to Savour Your Spending

There are really only two finite things you can spend in life: money and time. The question is, do you savour your spending of each? And can financial success be achieved by building a higher appreciation of what you already have? Try these five activities to get more control over your daily finances and improveContinue reading “How to Savour Your Spending”

How financial wellbeing can improve your overall happiness

Money can’t buy happiness, as the saying goes. It’s true that you can’t just walk into the local “wellbeing” shop and purchase your desired level of happiness. But surely there must be a link between money and how we feel? Financial wellbeing is about the study and application of how money can make us happier,Continue reading “How financial wellbeing can improve your overall happiness”

Like your finances, my paddle board needs the right amount of inflation

Whilst on holiday, touring the Highlands of Scotland, I’ve been making good use of my inflatable paddle board. It’s not always easy to get balance right and I’ve found myself in cold water a few times. Unfortunately, I have a small leak, which means having to boost the paddle board with some additional inflation everyContinue reading “Like your finances, my paddle board needs the right amount of inflation”

The Five Blocks of Financial Success

It’s a big, old, complicated world out there when it comes to achieving financial success. It means different things to different people and there are infinite ways to get there. It’s hard to know where to begin and it can be difficult to see what you’re aiming for. It can be like to starting toContinue reading “The Five Blocks of Financial Success”

Money is not the problem – it’s your habitudes

Money is often the source of arguments, anxiety and judgement. Lack of it can prevent life goals from being achieved, too much can attract criticism and envy. The absence of financial education in schools and workplaces is often blamed, but that’s only part of the problem. It’s our money ‘habitudes’ that often drive financial success,Continue reading “Money is not the problem – it’s your habitudes”