OK, I’ll admit myself that I hate all of the sensational headlines about house price crashes and recession, but with the economy in a downturn, it’s worth considering what we should do should we go into recession. From a personal point of view, over the last few months we’ve been taking a lot more care […]
Tag: Featured
10 Things Falling In Price & What It Means For Inflation
Food prices are rising, as are petrol, gas and electricity. So is there anything (other than houses) that has fallen in price recently? The Times lists 10 inflation busters – items which have fallen in price this year, along with examples of the savings that can be made with each: Mobile Phones: down 51% Digital […]
Basic Rate Taxpayers Get £120 Back From Tax Man
Woohoo! Basic rate tax payers are to get £120 back from the tax man. Following the government’s terrible decision to scrap the 10p tax band, they’ve decided to bribe compensate those of us who pay 22% tax by altering the tax allowance rate. The money will be paid as a £60 payment in your pay […]
Calculating How Much Driving Costs Me
I’ve recently been thinking about how much I use my car (a 1.1 litre Fiat Punto), and whether it’s something I can cut down on, and in the process, save money. One of the problems I have is that I don’t really know how much driving my car costs me. I know the fixed costs, […]
Would You Give Money Away If You Had $1Million?
Earlier in the week, I was one of several people who answered Jim’s question: What Would You Do With $1 Million Dollars? Once I’d done a mental currency conversion ($1million = £500,000 which is actually not too far out, given the current exchange rate), I figured that I would: Pay off my mortgage (£150k) Save […]
Recommend Me Some Holiday Reading
It’s not too long until I’ll be jetting off on holiday for a couple of weeks, so I’ve begun to start thinking about my holiday reading. I don’t normally get much chance to read, but holidays are an exception, and with two weeks of sitting in the sun to fill (I find it difficult to […]
Snowballing / Snowflaking Your Debts
I recently came across the term snowflaking – a method for repaying your debts – which I’d never come across before, so I thought it, and the related snowballing method, warranted a little investigation. To explain snowflaking we first need to understand the concept of snowballing your debts, where snowflaking stems from. Snowballing is often […]
Poll: How Much Of Your Income Is Spent On Your Mortgage / Rent?
We’re all aware of the increasing prices of food, fuel etc., as well as the difficulty in finding low mortgage rates (despite the Bank of England base rate falling recently, we can blame the credit crunch for the tougher borrowing conditions). One of the worries is that as these costs increase, more and more people […]
Energy Prices Expected To Rise By 20-35%
If you thought that the price of your gas and electricity couldn’t get any higher, then think again. It is predicted that there will be more energy price rises this Summer and Autumn, heaping more misery on us poor consumers. So what can you do to limit the effect of these rises? Well, firstly, it’s […]
Which Of These 5 Budgeting Systems Do You Use?
Blueprint for Financial Prosperity recently wrote a post which gave a brief look at 5 different budgeting systems. Here is a summary of the different methods mentioned, along with my own thoughts on each of them. Envelope budgeting – not tried this one myself yet, it’s where you put an amount of money in an […]