United Kingdom is a country where pension enrolment is compulsory. This means that every person over the age of 22 but below state pension age, employed, working within the country and earning above £10,000 per annum has a personal pension pot. A regulation making enrolment into workplace pension compulsory for everybody meeting these criteria took effect in February 2018. I am not leaving the country … Continue reading ‘Brexit’ the UK and take your pension pot with you?
After 3.5 years of running a small business, the time came to close it. As part of my profession, I spend time assessing whether a project has a business case supporting it. Or in other words, does it make sense to do this work? And in my own business, I landed at no after asking the same question 42 times exactly. Here is a … Continue reading Closing a business that makes money
I’m a cat lady. I share my home with a cat-man and our two kittens. The kittens are adorable and spoilt and not cheap. In today’s post I will cover the financial aspect of owning a cat. First things first, obtaining a pet, whether you adopt, buy or rehome, is usually not at £0. If you are looking to adopt, majority of the shelters ask … Continue reading The cost of owning cats
Before I explain what the cash envelopes system is all about, let me say that I don’t actually use cash. Nor envelopes. That little detail has not stopped me from applying the principles governing the cash envelopes method in how my own everyday spending is managed. If you are wondering why this rather obscure sounding approach to paying for stuff has been gaining momentum on … Continue reading The cringe-worthy cash envelopes
A couple of blog posts ago I mentioned that just over 50% of the money I make goes into savings. I will now explain how I managed to engineer that on a moderate income. Saving 50% of your income sounds near enough impossible for most people I know, and I don’t blame them. Looking back at the last few years, I would probably think the … Continue reading Is it possible to save HALF of your income?
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