My aim is two-fold. Firstly, create an example with my own finances, of portfolio optimisation. Secondly, provide useful money saving tips that can develop into thrifty habits. My focus will be on the four pillars of finance, earning, saving, investing and spending.
Your mentality can change your whole outlook on money, saving and investing. What is money really worth? And how can realising it’s potential value change your behaviour.
Passive investing is about growing your capital with little requirement for time and skill. You will be looking for a system you can repeat and possibly automate, with no/low setup fees and low ongoing costs.
I saw a way that I could grow my Lego business. To start out, selling used lego as well as purchasing some new sets to part-out (more on that later) would allow me to build some initial capital. I would then use that capital to invest in more stock, to re-sell for a profit.
There is an estimated £15-20 billion sitting in unclaimed financial assets in the UK. What is a simple way to keep track and what are the benefits, outside of the obvious, for doing so?
I am always on the lookout for new recommendations but sometimes the best offers stick around. Reflected in this sentiment, July's top picks have carried over from June.
Holding on to your current model, if possible, can be a powerful money-saving technique in the world of premium Apple devices.
The Lifetime ISA (LISA) is a tax-free wrapper which can be used to either save for your first home or later in life (age 60). What are the real returns?
Picking the best account for your savings is important. But it's not the only avenue you should be focusing on. Taking control of your personal finances is about saving, spending and investing in the right way.
When I used this method I bought travel insurance for £1.17 (01/01/2018) and saved over £9 in my first trip to the cinema. It’s a great investment if you go to the cinema often and you can go on Tuesdays or Wednesdays.
Be it short term, or long term, you want to hold the cash portion of your portfolio in the best vehicle possible. Put money into the right place and you can earn something for nothing. Put it in the wrong place, with a rate below inflation, and your savings are effectively losing value.
When you open a bank/building society account, you may be required to have a minimum number of direct debit payments set up or transferred from another account if you switch bank. Thankfully, there are a number of easy ways to meet minimum direct debit requirements.
It’s May 2018 and current accounts are still, in my opinion, the best place to put the cash segment of your portfolio. You will get access to optimal interest rates and current account switching bonuses. Here are my top 3 picks for 2018.
A short term look on long term investing. Here is my report for June 2018.
Diverging returns will skew your portfolio away from your initial allocations. If you want to address portfolio skewing, you do have the option to rebalance.
The younger you are, the more you can benefit from long term investing. If you save and invest, what could this really be worth to you in the future?
When you have a large pot of money to invest, you have two main choices. You can either invest it all, lump sum, or you can divide it into portions and invest over a period of time. But which strategy should you choose?
A lot of terms are thrown around in the fund industry. Index funds? index ETFs? So what are the similarities and more importantly, what are the differences?
Thinking about whether you should transfer your stocks and shares ISA? Here are some things to think about.
If you need or want to buy something, you might as well save as much as you can. An easy way to save a bit of money when you make a purchase is to use a cashback website like TopCashback.
A primary factor driving users to spend more with plastic is the “buy now, pay later” mentality. You must be conscious of “facilitated spending” and you must use an active strategy to mitigate it. Here is one useful strategy.
When you plan to travel abroad , how do you finance your trip whilst you’re away? Revolut offers an innovative solution.
Credit cards are extremely useful tools for maximising return on spending. But be wary. One man's tool is the same as another man's weapon. Here were my picks.
One of the best things you can do to prepare yourself for the future is maximising your credit score. I have steadily increased my credit score by following these guidelines.
Some people are overwhelmed by the amount of loyalty schemes available and decide that they only want to fill up their wallet/purse with the ones they tend to shop in most. I have come up with a few strategies to manage the plethora of loyalty cards and here are a few.
Here's a trick I learned that can really increase those retail discounts. If done right, you can actually receive up to 3 (or maybe even 4) discounts on various products at multiple retailers
If you asked most people to name a board game related to finance, their first answer would probably be Monopoly. A much better game, in my opinion, is Cashflow. Here’s why.
These 5 financial minds will give you a good range of advice on the four pillars of finance. Earning, Saving, Investing and Loss Aversion.
In order to achieve a good financial standing, you need two things in different quantities. 90% must be devoted to gaining a certain perspective on wealth, and 10% must be devoted to percentages.