All posts filed under debt

The Fear of Missing Out

Our culture and economic system thrive financially on making people feel not good enough. Clever marketers and their campaigns will suggest that such an uncomfortable feeling can quickly “evaporate” if you only buy something that will instantly make you feel great. It doesn’t matter if you can or cannot afford to pay for it; a credit card with a healthy balance will open all the …

Are You Throwing Your Money Down the Drain?

We all spend plenty on things that have no practical use or usefulness in our lives. I’ve recently wondered what small items/things people tend to buy a lot of while throwing their hard-earned money down the drain. This is the list I came up with, but if you have anything to add to it, please share. Cheap, mostly plastic, Christmas ornaments. This stuff drives me …

Debt Is Your Enemy

Whatever the banks or financial advisors tell you regarding accumulating debts, consumer debt has never been your friend. In fact, I would go as far as saying that personal debt is your mortal enemy that threatens to suck the happiness out of your life. In our culture of instant gratification, it’s easy to overspend and indulge yourself in excessive spending on unnecessary goods. If we …

The Power of Small Numbers

People often say that a cup of coffee costs only £3 and that’s nothing. Well, it’s rather incorrect. £0 is nothing, so let’s assume that £3 is not a massive amount of money. However, if you buy one cup of coffee every day (including the weekends), you will end up spending £21 a week, which equals to £1,095 a year, and that’s just for coffee. …

Why Mindset Matters on the Road to Financial Independence?

To make it out of the dungeons and become financially independent sooner rather than later, you will need to begin with shifting and adjusting your mindset. As with any life-changing strategy, it won’t happen overnight; you need time. In my case, I watched “The Minimalists” documentary years ago, and then I read Mr Money Mustache blog furiously in 2019. But it wasn’t until the national …

How to Start on the Road to Financial Independence?

Recently I read that women from my generation will never earn more than our fathers did; even though we are much better educated, we will still struggle financially. After taking some time to analyse my girlfriends’ and my finances carefully, with a heavy heart, I had to agree with that statement. We were all very well educated and…, most of the time completely broke.  I …

How Much Are You Spending?

Do you ever wonder where all your money goes? How can you track your spending? Do you think of tracking it at all? For years I didn’t really know where my money was going. Each month I was surprised that I had nothing left in my bank account by the end of it. I worked just to spend, which made me feel helpless. To control my …

Financial Independence Is Not About …

Financial independence is not about not working or not having to work for the rest of your life. Lots of people, who are lucky enough to become financially independent early in life, choose to work, basing their choices on what they want and what’s right for them, instead of having to make their decisions on financial security only. That’s what financial independence is all about, …

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All the Blogs Decreasing the Amount of Money, You Need to Be Happy Why Budgeting Matters? What Does the 4% Withdrawal Rule Mean? The Non-Essentials Can Inflate Your Living Expenses Life Is About Learning to Adapt Establishing Good Financial Habits in Kids Improve Your Life Through Mastering Personal Finance Would I Buy This Item If It Weren’t on Sale? Unlearning the Bad Habits The Power …