Category Archives: Finances

A few small tweaks to your finances can bring great results. I cover how to maximise your limited money resource, to avoid overspending without useful extra benefits.

Issues with debt ‘consolidation’

Sadly debt ‘consolidation’ is an area where people can stumble if they are not careful. The key point to remember with consolidation is that nothing has changed – you still have a pile of debt, but now instead of several different lenders it is all with one. There should only be one reason for doing a consolidation –… Read More »

Don’t fall victim to the sirens of easy finance

In Greek mythology the Sirens lured nearby sailors with their enchanting music and voices to shipwreck on the rocky coast of their island. It’s the same with credit and finance – if you are not careful you could find that your financial ship is heading towards disaster on the rocks. This is something I have talked about several… Read More »

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 »