Browsed by
Month: May 2015

May 2015 Income/Expenses

May 2015 Income/Expenses

It was payday yesterday 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….

Read More Read More

Common replies to the Financial Independence closet exit

Common replies to the Financial Independence closet exit

I was recently reading though an interview conducted by TheFireStarter who was speaking with the often hillarious Financial Zombie when he mentioned a term which really stuck in my head: Are you in or out of the FI closet with friends and family? I think it’s a great term for the situation we find ourselves in as from what I’ve read on fellow blogs; many really do think of themselves firmly trapped in a financial independence plan closet. It’s odd…

Read More Read More

Can you afford NOT to save?

Can you afford NOT to save?

I first saw this photo a few months ago on a finance forum in a thread about starting a pension fund. The thread starter was roughly my age and asking whether he should begin saving into the company pension scheme. The details were roughly that the company would double his own contributions at 4% salary sacrifice.. however like most young people there was the constant draw of nights out and flashy gadgets all battling for a slice of his income…

Read More Read More

Retirement & Wealth – Where do the parties stand

Retirement & Wealth – Where do the parties stand

As if it were possible for any UK readers to be unaware.. there is an election coming up. I’ve previously spoke a bit on some of my thoughts on certain policies such as a taxation on wealth (Which, no surprise; I’m against) and inheritance tax. It seems most of the current debate unsurprisingly centres around the economy, healthcare and immigration. Unfortunately there hasn’t been much information in the media about the various pledges regarding the state pension and taxation on…

Read More Read More