Category Archives: Finances

Beware of ‘saving’ money by spending it

If you buy something with a retail price of £500 for £300, have you saved £200? Or actually just spent £300 that you weren’t planning to? When making purchases it is important to consider three points: 1) Is the retail price genuine? If you have been considering a purchase for some time then you will know what the… 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 »

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 »

Hacking your food budget

Food is usually the third largest regular expense for people, however there are ways to reduce this without having to live solely on rice and beans: Avoid/reduce restaurants There’s nothing wrong with the occasional restaurant meal or takeaway, but you are paying a high price for that convenience. I’ve already talked about how just one coffee a day… Read More »