When applying for any form of credit such as a loan, overdraft, mortgage or credit card, lenders will often refer to your UK credit score - provided by credit rating agencies - to assess how much of a risk you pose to the creditor. What is a UK credit score? There is not one … Continue reading Improving your credit score
Inflation will affect the price of absolutely anything that we buy, from dishwashers to doormats. If anyone can recall the price of petrol just 10 years ago, then you’ll be aware that it was 104p (pence) per litre on average across the U.K. Today that figure stands at 121.11p. That’s a rise of 16.45% in … Continue reading Inflation & erosion
Welcome back everyone! It’s been a while since my last post so I figured that it’s about time I checked in with you all, and you with me! This post will hopefully help you to make a little money through selling your unwanted items. First, I’ll share a little story with you. Recently I had … Continue reading Selling your unwanted items
Refer to any financial success story, and you will often be told of the importance of the "side hustle". A side hustle is defined by the following statement taken from Entrepreneur... "A side hustle is a way to make some extra cash that allows you flexibility to pursue what you’re most interested in. It can … Continue reading Side hustle during the holiday season
With mortgage interest rates so low, some argue that there’s no point in paying off your mortgage early. Others argue that paying off debt is always a good idea and having less debt will always be a good thing. Here I examine both options, and aim to provide some clarity on the subject so that … Continue reading Should you pay off your mortgage, or invest?
So, we agree on one thing, that you need an emergency fund. However, you’re either unsure of just how much money is needed to constitute an emergency fund, or you’re stuck as to what to do first. Hopefully this article will help to answer the most important questions regarding the emergency fund, and more importantly … Continue reading The emergency fund
I’ll start this post with the end thought in mind. If there’s anything that you take away from this post, then please let it be this: Your saving rate is the single most important aspect of achieving early retirement. In other words, the amount of money which you put into your retirement plan is far … Continue reading Saving rate
So here we are…! Welcome! If you’re reading this, then it means that I’ve successfully written my first blog post, which is designed for the average “9-5” employee who – like me – is trying to find financial independence and step away from working for others until the “normal” retirement age (which incidentally here in … Continue reading Welcome