Phwoar, look at the state of that. Camper van loaded up with surfboards (or are they paddleboards?!). I fantasise about the day I can switch off my laptop at my desk-job and wander the paths of Britain, cycle the roads of Europe and eat my way around the world. However, I’m a cautious sort and …
So you’ve cranked out your budget, made some easy savings and upped your Personal Profit. Good work! Now, as long as you’re able to stick to your new budget, you’ve just been given a superpower. The power to see into the future. If you know that your personal profit is at the £500 per month …
How The Timeframe of Your Personal Finance Goal Makes A Big Difference Read More »
Everyone talks about a budget, but do we actually know what one is? Budgets are used in businesses as a spending expectation. Normally if a company wants to achieve 100 sales of widget x, it will need to facilitate that with its spending. It is no good if a company plans to sell 100 widgets, …
A profit and loss statement is how a company keeps track of all of its income and all of its expenses. It allows the management and owners to understand whether it is making money, a profit, or whether it is losing money, a loss. A personal profit is the same concept, applied to a person’s …
As part of the Budgeting 101 article, I discussed the lengths you’ll need to go to depending on your current situation with regards to your Personal Profit. I then discussed the different scale of savings/cuts that would be needed in order of what I consider to be pain-free savings vs painful savings which will improve …
If you’ve decided you need a budget, most people tend to advise a very similar process to arrive at a budget. My approach is fairly similar, but I’m a strong believer in keeping things simple, and so my process tends to keep the process as high level as it can be, but allows you to …
Budget Like A Boss – What Does My Budgeting Process Look Like? Read More »
Budgeting. The word alone has probably sent shivers down your spine. It is a strangely unpopular process that most people don’t seem to engage in, but I would argue the most important tool in your personal finance arsenal when it comes to working towards a bulletproof set of personal finances. If you want to get …
The Big Bad Budget – My Top 5 Reasons Why You Need A Budget Read More »
