Paying off Debt: Avalanche vs Snowball

Last week I shared my journey paying off credit card debt, prior to the days of my personal finance wisdom :). Luckily I’d always had this discomfort with debt (particularly bad debt), which served as motivation to clear the balance and keep any debt to a minimum going forwards. I know that not everyone views debt this way. Some people happily use debt to fund things that they are unable to afford such as the designer clothes/shoes, tech gadgets and cars. Oftentimes debt is used as a method to tackle emergencies due to a lack of emergency funds. This is done under the assumption that income will continue indefinitely to cover these debts, which makes me think did the crash of 2008 and the associated job losses teach us nothing???

Paying off Debt: My Journey

I remember the days of having balances on multiple credit cards. I would love to say that I fondly remember those days but that would be a lie. When it comes to my relationship with debt there’s always been a discomfort with owing money.

5 Tips to save money in a year of milestone birthdays

Hope everyone had a fab weekend in this glorious weather; it came around so quickly after the four-day working week!

This year is a year of big birthdays for me and most of my friends as we enter our third decade. It means numerous birthday celebrations at various locations within the country. The inspiration for this post came from a colleague, also in the same position, who was complaining about the cost of attending all of these birthdays. My thoughts are that it is as expensive as you want it to be

Taking control of your money: Part 2

Following Taking control of your money: Part 1 you’ve;

• decided what it is that you want in life
• assessed your current financial situation
• set up a realistic budget.

Taking control of your money: Part 1

“Why should I take control of my money, I’m managing just fine”. This may be true, but circumstances can and do change.

Life isn’t all about money but it definitely does help. Thinking about the things we do on a day to day basis –money impacts most of them. Taking control of your current situation is the first step on the journey to better finances.