How to calculate the cost of electricity in your home

The northern hemisphere is heading into winter. Stating the obvious here, but with the temperatures and levels of daylight going down, the electricity bills like to go up. As a customer, can you calculate how much you will end up spending? I am a creature of warmth and good lighting. Nothing thrills me less than cold, dark spaces. Therefore, my bills can skyrocket during the … Continue reading How to calculate the cost of electricity in your home

Debt snowball and debt avalanche explained

Debt snowball and debt avalanche are two popular methods of debt repayment involving prioritisation. Let’s begin with an explanation of debt snowball. I used the snowball method when paying off my own debts in 2014. To explain it simply, for debt snowball you will list down all your debts except for the mortgage, from the smallest to largest. Disregard the interest rates, you are only … Continue reading Debt snowball and debt avalanche explained

Paying off debts fast & how life can change in just one year

In 2014, I paid off close to £12,900 of debt, starting the year on a £24,000 income. In this post, I will tell you all about how I did it and how my life changed during that one year. It does not involve moving back with my parents, just saying. It is going to be a long post taking you through the twelve months. The … Continue reading Paying off debts fast & how life can change in just one year

The burden of managing money and balancing debt

Let’s start from the start. I graduated from university in 2011, at a ripe age of 25. I chose to take 3 years out between high school and university simply because that’s how long it took me to decide what it was that I actually wanted to study. My BA is in computing and marketing and with a bit of strategic arm-twisting, selective studying and … Continue reading The burden of managing money and balancing debt