A Pesonal Spending Plan that Actually Works

An alternative way of managing personal money than working with a budget is consider using a spending plan. "What's the difference?" you may ask, well for some probably not a lot, but for others its a easier concept to work on and manage. Take a read and see if this way would suit you and set you up for 2019.

https://www.becomingminimalist.com/trust-me-it-works/

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Secret to Retiring Early

Retirement is often thought of as an age related target, but actually, its about a financial status - independent or free - and early retirement is about that status, and then choice, work for yourself or others if you want to. See what you think of the advice in this video.

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The path to financial independence and retiring early, in one simple chart

As we come to the end of 2018, here's an article that simplifies the maths of financial independence. Could this help you for your 2019 targets?


https://www.marketwatch.com/story/the-path-to-financial-independence-and-retiring-early-in-one-simple-chart-2018-12-10

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Should You Invest or Pay off Debt?

A viewpoint of whether to pay off your debts or invest the money instead.Take a look.

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How Debt Works

When starting the journey to financial independence and financial freedom, there's lots of advice given on the way in which debt should be handled. Key to this is to understand how debt works, whether it will help, hinder (or indeed completely stop) the process. Take a read.

https://money.howstuffworks.com/personal-finance/debt-management/debt1.htm

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How to become financially Independent

Financial independence - the route to financial freedom and choice

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How to Make a Budget - and Stick to It

Carrying on with the management of money theme - and mention of the dreaded word (to many)  - budget -  this article concentrates on the tough part - how to stick to it. 

https://money.usnews.com/money/personal-finance/saving-and-budgeting/articles/how-to-make-a-budget-and-stick-to-it

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See How You Can Retire Early - Simple Math of Early Retirement (#Financi...

Considering targets for next year, how about the next 10? Here's something to seriously consider

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Beginner Guide to Managing Money

One of the keys to gaining financial independence and/or financial freedom is to understand how to manage money, here's one view on the process

https://www.moneyadviceservice.org.uk/en/articles/beginners-guide-to-managing-your-money

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The 6 Most Important Rules of MONEY

Like most areas of life, there are rules with money as well, here are 6 important ones

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UK Property Investment Pros and Cons

Property has long been an accepted source of secure investment to create additional income. This article talks through the current pros and cons in the UK, give the changes in taxation and legislation in recent years


https://aspenwoolf.co.uk/uk-property-investment-pros-cons/

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How To Budget And Save Money | Money Management Tips

Working on the management of money theme, an alternative view of budgeting

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Do You Know the Cost of Educating Your Kids - In the Public System

You may read the title here and think education is free - take a read of this a discover whilst on the surface it maybe, there are plenty of hidden costs.

https://www.theguardian.com/education/2018/nov/20/price-beer-pink-milk-why-not-cost-educating-child-laura-mcinerney

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13 Everyday Things You Should Really Stop Paying For | The Financial Diet

What could yo do without?

Take a look at this video and see if it strikes any chords

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Creating a Budget

For many, the thought of creating a budget makes them cringe. However if you crave financial independence or freedom, then managing your spending will be an important step - whether that's through a spending plan, a budget or some other method, understanding what money you have, where it is going and consciously deciding what is required vs what would be nice to have (need vs want) is an important step. 

This article take a view on the process from a budgeting perspective  


https://www.pennypinchinmom.com/how-to-create-a-budget-beginner/

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How To Pay Off Your Mortgage Early & Should You Pay Off Your Mortgage

After yesterday's article on whether you should or shouldn't pay your mortgage off before retirement, here's a method for paying it off early (and not worry about it before retirement).

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Should You Pay Off Your Mortgage Before You Retire

Common wisdom says you should pay off your mortgage before you retire, but should everyone. Financial independence and freedom is not someone else's view - it a your own (and your family's view) Here is an interesting article that looks at "the common wisdom"

https://www.thebalance.com/should-you-pay-off-your-mortgage-before-you-retire-2894260

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6 Things We Gave Up to Get Out of Debt

An area to consider if you are targeting financial freedom is debt. Here's one family's way of dealing with debt

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How to Retire Early: The Shockingly Simple Math

Retirement is not an age, it a financial status - at least that's what it should be. When can say you have enough income that allows you to stop working, either for yourself, or someone else.

This video takes a look at the maths.

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Pay Off Mortgage Or Keep Cash?

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How to invest for retirement in your 40s.

Financial independence, financial freedom, retirement - are all based around the same principle - the key difference is we view retirement based on an age rather than a personal financial status.

For many of us the thoughts of saving and contributing to a pension plan early in our careers is irrelevant, and as we progress with our careers, and create greater financial obligations, the process of funding the future can become more difficult.

Here is some thoughts on what can be done, and whilst it targets age 40's , still has some good points to make.

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The Upside of Having a Mortgage When You Stop Working

Conventional wisdom says that the mortgage must be paid off before you stop working, and one way or another it is a target for most of us. There is however a growing number of people who will not manage that - and this article highlights some potential benefits of NOT fulfilling that goal.

Enjoy the read

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Can YOU Afford to Retire? | 4% Rule Explained | Safe Withdrawal Rate

It doesn't really matter at what age you decide to stop working - whether you want to describe it as retirement or not, the real question is do you have the finances in place to stop either working for someone else, or stop running you own business.

What would you numbers look like?

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Average Savings at Retirement Age

What will your savings be at retirement age?

Does it really matter?

The answers to those question will depend on what you pension pot looks like, what other income you'll have from investments and how much you need to provide fro the lifestyle you plan to have.

This article, whilst very US based, give some interesting point to consider.

ENJOY

Click here for article

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11 Things I Cut from My Budget And Don't Miss At All | The Financial Diet

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Ramit Sethi - Personal Finance Basics

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