You’re not alone. Living with debt has become a common issue for people in the UK, with The Office for National Statistics data showing the average household has £2,204 of credit card debt alone, with the annual interest payments on debts gobbling up 3% of average earnings. The fact you’re here shows you want to …
17 Actionable Tips on How to Pay Off Debt Faster Read More »
Hello there good reader! I’m proud to announce that I have re-branded my site. No longer are we Personal Profit. We are now The Mindful Money Project! Why have I made the change? There were a few reasons why I made the change, other than being chronically indecisive! 1. Blogs in the same space with …
Personal Profit is now The Mindful Money Project! Read More »
Have you just come into some excess or spare cash? Maybe an inheritance, a bonus payment or a lottery windfall? Even though your first urge may have been to run out and buy all of the things you’ve been looking forward to, the fact that you’re here searching “what should I do with spare cash?” …
Even though comparing yourself to others doesn’t always do your mental health much good, it is a helpful benchmark to check yourself against, not to mention a hell of a curiosity cruncher. I’ve run the numbers which are available publicly from the Office for National Statistics Total Wealth survey. So, ever asked yourself how do …
Average net worth in the UK – how do you compare? Read More »
This always seems to be the way of the world – you’ve managed to get yourself on your feet and are starting to build towards the future and thwack! You get sideswiped by the game of life. A financial emergency can take many shapes and forms. For example if you find yourself landed with an …
Life is predictably unpredictable. When a financial emergency strikes it might seem like the world is crumbling around you, but there will be a way that it can be solved. In this article, I’ll walk you through step-by-step how to deal with a financial emergency by understanding the facts and helping you take the actions …
How to deal with a financial emergency step by step: dealing with income loss Read More »
Ahh the emergency fund – the safety net of all safety nets. Everyone tends to overlook this fund’s importance in improving your financial situation, but even when you’re a believer in an emergency fund, you probably still ask yourself; “how big should my emergency fund be?”. This article should help break it down! But first, …
Maybe you’ve been gifted some cash or come across a windfall. Or you’ve engineered yourself into the glorious position of making a monthly personal profit (i.e you have savings available – congrats by the way!) and you want to know how to best direct your money. You ask yourself, “should I save an emergency fund …
Should I Save an Emergency Fund or Pay Off Debt? Read More »
Everyone loves a good story, and even though this is a far cry from the dizzying heights of some people’s success stories, I am pretty proud of the last 12 months and am continuing to accelerate my savings so the next 12 months should look even punchier. I’m hoping this story will help inspire some …
How I Paid Off £2,000 Debt and Saved £9,000 In Less Than One Year Read More »
