Stage Six to becoming debt free and setting up for financial success

Now that we are debt free, have our emergency fund set up and have saved a good deposit for a house it is now time to start saving for the long term. For many of us the first port of call will be our employer’s pension scheme. If you are self employed then it may be wise to look at what pension options are available. This may be via a private person pension scheme, self invested pension, 401k or some other form of pension product. read more

February 2018

So it is February 2018 and as part of the ongoing effort to create the website I thought I would share with you how much it costs and how much income is earned from the website and the other things that we do. I am initially just going to share the income and expenses from the website. Eventually I will try and add other income and expenditure so we can share a wider picture of what we earn and what the outgoings are. So here we go month two read more

Stage five to becoming debt free and setting up for financial success

Now that we have our emergency fund set up so if those inevitable problems happen it is now time to start setting ourselves up for the long term. For people who do not own a property for themselves this is the stage at which we start saving for a property to live in.

Really we want to save a large deposit so that we do not have to take on a big mortgage, most mortgage companies will be looking for a deposit of at least 15-25% so that you can access the lowest possible mortgage rates. read more