Archive | Saving

Spending not Saving

Focus on Spending, not Saving

There is no question that it is hard to save – and harder for some people than for others. While it might be prudent to save 10% of your income towards your retirement, not everyone has an income high enough to do this. A focus on saving often results in feelings of guilt, failure and […]

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Money when you need it

Money When You Need It

There is nothing complicated about money; you either spend it or save it. Over the course of a lifetime it mostly gets spent, so saving is just money to be set aside for spending at some point in the future. This is a really important point, because in setting it aside there are two key […]

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Fifty and Broke

Fifty and Broke

There is an emerging socio-economic class which I call Fifty and Broke (FAB). FABs are post- babyboomers, from a generation of divorce, serial relationships, corporate restructuring, multiple career changes, consumerism, and increased longevity. Many people suffer at least one crisis during their lives, such as relationship breakdown, redundancy, business failure, bankruptcy, mental health problems or […]

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Tips for Successful Saving

Tips for Successful Saving

Tips for Successful Saving The first step towards creating wealth is also the hardest. Being able to spend less than you earn is a pre-requisite of every other strategy for wealth creation. Despite good intentions, savings plans are easily de-railed by distractions, disasters and lack of discipline. Here are some simple tips for improving your […]

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Marshmallows

Spending Later

Spending Later Let’s face it; the word ‘save’ falls in the same category as diet and exercise. It’s one of those things that most people would like to do, but not now. One day. And even then, it’s something you might attempt but give up on. The word ‘spend’ sounds so much better! Somehow the […]

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Choose to Save

Choose to Save

Choose to Save Getting the right balance between enjoying life now and saving is easy once you understand that saving still allows you to enjoy life, but later. Saving is just deferred spending, and it needs to be broken into time-based spending categories which reflect your goals, that is, the things in life that are […]

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LotsOfMoney

The Trouble with Saving Too Much

The Trouble with Saving Too Much Money means different things to different people. However, one thing is clear – money is not an end in itself, but something that enables us to enjoy life. This is where the differences arise, because everybody has a different view on the way in which money brings about enjoyment. […]

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Success in Teamwork

All About Savings

All About Savings There is really not much difference between spending and saving. All money is spent – it is just a question of when. When you receive money, you can choose to spend it now, a little bit later, or a lot later. Ultimately, money you don’t spend during your lifetime will simply be […]

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