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Month: April 2015

April 2015 Income/Expenses

April 2015 Income/Expenses

It’s payday today which means time for this month’s Income/Expenses! I think it’s important to keep track of your income/expenses every month as it allows you to spot trends and areas for improvement. I find it really useful to track the spending changes each month, and really motivating to see the networth improvements. Sometimes it can seem like financial independence is so far away, but by watching your networth steadily increasing you’ll know you will reach that point eventually. A…

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Why it’s important to set yourself goals towards retirement

Why it’s important to set yourself goals towards retirement

I’m a big believer in setting yourself measurable targets and goals throughout life in order to motivate and monitor progress. It’s one of the main reasons why I started this blog and continue to invest the time each month to calculate and list every expense and income category. Even as a child I would monitor my savings and set a specific target to reach. Money wasnt just disappearing into a dark hole to be saved for a ‘rainy day’, it…

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An alternative to Pension Wise

An alternative to Pension Wise

Below is a post I was asked to host as part of a campaign to encourage people approaching retirement to seek independant financial advice. While I havn’t used the service myself, I do strongly recommend everyone seeks professional advice if you are at all unsure about what to do with your pension investments. An alternative to Pension Wise – My Retirement Options launch retirement planner offering independent financial advice With the introduction of the new pension freedoms – offering retirees…

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When is the best time to start saving for retirement?

When is the best time to start saving for retirement?

One of the most common questions I see asked online through out many financial based forums is at what age and how much someone should start saving for their retirement. Typically such threads will attract a wide range of responses which go from the prudent “half your age as a percentage” rule right up to the inevitable “don’t bother because the government will steal it all away” type responses. Although I especially enjoy reading many of the conspiracy theories around…

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