Category Archives: Finances

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 »

Will car leasing become the best option?

At present, the best options for minimising motoring costs are: 1=) Buying a 3-year-old car and running it to 9 years old. 1=) Buying a 8-year-old car and running it until it fails (surprisingly, you are not actually saving any money running a ‘old banger’, due to the significant running cost increases over a newer car.) 2) Buying… Read More »

When 0% financing isn’t

You will sometimes come across adverts offering zero percent finance. However, you do need to be wary if that ‘offer’ is based on the full list price rather than a discounted one. Taking the example I used when comparing new vs 3-year-old cars, zero percent financing on the full list price isn’t the same as it would be… Read More »