All posts filed under finances

Why Cultural and Social Pressure Push Women into Spending?

From an early age, I was programmed to think and believe that a woman had to look good to be relevant and taken seriously in society and by society. The messaging was very clear to me, regardless whether a woman even planned to be in the public eye or not, most of her focus should be devoted to her looks. In short, she ought to …

What To Do With The Money You Earn?

For years I nurtured a belief that whatever I earn, it needs to be spent. In my naivety,I never thought that I should have invested the surplus, instead of consuming themoment it arrived in my bank account. I often wondered what I was going to buywith the extra money that was coming my way. For years I also thought I wasinvesting by dumping unlimited amounts …

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, …