When it comes to managing your finances , it is important to know that there is no right way to manage your money.
I read lots of other blogs that talk about how they have tackled debt or gone about their investing journey.
And whilst there are some consistent themes among the stories, it becomes pretty clear that there is not just one way to manage your money.
The ways friends, family, work colleagues or even fellow bloggers handle their money will not necessarily work for you.
If you believe that there is a right way of paying off debt, managing your cash flow and saving for your retirement, an argument could be formed that if you are not doing things “the right way”, then what you are doing must be wrong.
I don’t prescribe to this way of thinking.
Of course there are different ways that can help you to reach your goal sooner or to get better returns on your investments, but that does not mean they are right for you.Continue Reading →
Note from Cath: I have a very special guest on the blog today – Serina from Ms Frugal Ears (you can learn the inspiration for her site name over on her blog).
Since starting this site I have discovered that the personal finance blogging community is a lovely bunch.
No one I have come across see each other as competition, just another person looking to share their knowledge and help other people to understand their finances better.
What is really cool is that Serina and I actually both started our savings and investing journey in the same place. We were a part of an online savings forum back in the day before Facebook Groups where all the rage.
So without further ado over to Ms Frugal Ears for today’s guest post.
My goal is to become a billionaire. My stepping stone goal is to pay off my mortgage. Then I want to grow my net worth to one million (who wants to be a millionaire? I do!), then to double that to have $2 million net worth by 2020.Continue Reading →
You might like to check out my Resources section that includes a number of spreadsheets to help you track your money and budget better.
A good place to start is with my Simple Monthly Budget spreadsheet. Or to take your budgeting to the next level, my Monthly Tracker spreadsheet will really help you to have a deeper understanding of where your money is spent.