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”

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”

3 Simple Steps to Financial Freedom

What does financial freedom mean to you? Most people have a vague notion of wanting to get there, but it’s tricky to define. It can mean different things to different people. Generally, it’s about having financial choices in life. Invariably, it requires the accumulation of wealth and for that to happen, your need to placeContinue reading “3 Simple Steps to Financial Freedom”

The most popular type of ISA is…………?

It seems that we do love a Cash ISA compared to the other options, as shown in the graph from the Office of National Statistics (ONS) below. But with interest rates at all-time lows, is cash the best place for our savings? We’ll take a closer look at other types of ISA over the nextContinue reading “The most popular type of ISA is…………?”

Pay Yourself First

When you receive your monthly income, do you pay yourself first, ahead of all the other bills? It’s a question you may not have thought about much. Not properly. But assuming you do consider your future life to be important, you need to make an investment. That means balancing what you spend now against whatContinue reading “Pay Yourself First”