Cars and the 50-3 guideline

As a very rough guide, cars generally depreciate by 50% over 3 years. Whether this depreciation is a reduction on the amount you paid initially for the car outright(preferable) or through the monthly charge for leasing or PCP, it is still an amount that has to be paid. For example: New small family car – £18,000 After 3… Read More »

What is the real world range of an electric car?

I like electric cars – the quietness, smoothness and torque are much better than traditional cars. Indeed, the current hybrid I drive IS an electric car in certain situations. I have looked into full-electric cars to see if sometime in the future a second-hand one might be suitable. Looking at the figures, it is only now that we… Read More »

How to fund your side hustle

When you are starting a new business, the absolute best way to fund it is via cash savings – there are actually several hidden benefits of doing it this way: 1) No interest payments – if you borrow money then there will be an interest charge. Instead, the money you would have spent on interest is available to… Read More »

Start a side hustle

If you have always wanted to start your own business, the best way to do it is part-time initially – what is now known as a side hustle. Starting part-time has many benefits, indeed it is the method I recommend myself. People are often unprepared for what lies ahead when starting a business, so a side hustle gives… Read More »

The envelope system, as cash is replaced

The envelope system is a great way of managing the budget, but sadly cash itself has started the journey out of common usage now. The system works best with actual cash and physical envelopes. You divide up the budget totals for several categories into envelopes and put cash into them. That way you can easily see what is… Read More »