So, you are dreaming of a mortgage-free retirement – maybe you’re imagining relaxing in your own home, with only the utility bills to pay alongside luxuries like an occasional spa weekend away and a sneaky afternoon tea. But here is the big question: Should you funnel extra cash into paying off that mortgage or […]
Maximise Your Savings: A Practical Approach to Round Up Apps Hey there! Let’s chat about something as important as finding the perfect fitting pair of shoes: saving money! Now, we all know that once we hit the big 5-0, financial security becomes a bit more than just a passing thought. But let’s face it, saving […]
Day 7 – Celebrating Progress: Reflections and Future Planning Welcome to the final day of our “7-Day Financial Detox Challenge”! Today is all about reflection and planning for the future. We’ll review the progress you’ve made over the past week and set goals for continued financial growth and security. Key Points Reflecting on the Week’s […]
Day 6 – Tackling Debt: Clarity and Strategies Welcome to Day 6 of our “7-Day Financial Detox Challenge.” It’s time to tackle a topic that many find daunting: debt. Understanding and managing your debt is crucial to achieving financial freedom. Today, we’ll explore different types of debt, strategies to manage them, and how to prevent […]
Day 5 – Crafting Your Future: Budget Reboot On Day 5, we take all the insights gained and channel them into drafting a revised budget. This includes creating a crucial line for ’emergency savings.’ Key Points Harnessing Your Financial Insights Utilising Past Data – Analyse your past spending habits, income fluctuations, and savings patterns to […]
Day 4 – Defining Essentials: Navigating Needs and Wants Day 4 of our challenge is a deep dive into categorising your expenses into ‘needs’ and ‘wants.’ This exercise will help you understand your spending motives and prioritise effectively. Key Points Defining ‘Needs’ and ‘Wants’ Clarifying Definitions – ‘Needs’ are expenses necessary for basic survival and […]
Day 3 – Balancing Joy and Budget Day 3 focuses on balancing life’s pleasures with your budget. We’ll guide you through assessing the joy versus cost of your regular treats and prioritising high-joy, low-cost options. Joy vs. Cost Assessment of Pleasures Understanding Value This process involves evaluating how much happiness or satisfaction you derive from […]
Day 2 – The Power of Tracking Welcome back! Day 2 of our “Financial Detox Challenge” is all about gaining awareness of your daily spending. We’ll explore the importance of tracking every penny and categorising your expenses. 1. The Importance of Daily Expense Tracking Why It Matters Daily expense tracking is essential because it provides […]
Day 1 Uncover Hidden Spending A downloadable challenge that includes daily emails with tasks designed to help you identify wasteful spending, understand your financial habits, and start thinking about savings. Welcome to “The 7-Day Financial Detox Challenge,” designed specifically for women over 55 who want to enhance their cash flow and achieve financial peace of […]
Unexpected expenses are a part of life. Whether it’s a medical bill, car repair, or a sudden job loss, unexpected expenses can put a strain on your finances. That’s where an emergency fund comes in. An emergency fund is money that you set aside to cover unexpected expenses, providing a financial safety net and peace […]
Building an emergency fund is an essential step towards financial stability. It can provide a safety net during difficult times, such as unexpected medical bills, job loss, or a natural disaster. However, there are some common mistakes that people make when building their emergency fund. In this blog post, we’ll discuss these mistakes and how […]
Saving money is an important aspect of personal finance, and building an emergency fund is an essential part of that. An emergency fund can help provide you with financial security and peace of mind in the event of an unexpected expense or emergency. But building an emergency fund can be challenging. It requires discipline, dedication, […]
Are you prepared for unexpected expenses? Whether it’s a sudden car repair, a medical emergency, or a job loss, unexpected expenses can arise at any time and disrupt your financial stability. That’s why building an emergency fund is crucial for anyone who wants to achieve financial security. In this blog post, I, the Emergency Fund […]
As a woman over 50, it’s important to prepare for the unexpected by having an emergency fund. This will provide you with peace of mind and financial security, as you navigate the unique challenges that may arise in your personal and financial life. Unexpected expenses, changes in personal circumstances, and challenges related to aging, health, […]
I must admit this is the one that took me the longest to do and once I did it – I have indeed saved hundreds. I came up with a hundred and one excuses. I used past bad experiences. I used lack of time. I used the uncertainty of my living circumstances at the time. […]
Now I want you to be honest. Do you have any clothes in your wardrobe that you don’t wear? Any clothes that you don’t wear because they don’t fit you or you just don’t like? Ok, have you received any gifts that you didn’t like but you’ve kept just because you felt bad about getting […]
A quick question. How often do you check your bank statement? Do you open and read every email? I ask you because if you’re not regularly checking your bank statements and emails – it could be costing you hundreds of pounds. Look I know – when money is tight one of the last things we […]
Ever been standing behind someone in the queue who is searching through a purse/wallet/bag looking for their loyalty card or gift card? Actually I’ve been one of those people. I had so many cards that I bought myself a special wallet with lots of compartments. And yes I was that person searching through my […]
In February 2019 I took part in a challenge to build an emergency fund of £500. I was part of a Facebook group and the creator provided us with information and instructions as to what to do. I had already started to build an emergency fund and thought this was a good opportunity to accelerate […]
I want to know why it is so hard to talk about money? It starts from childhood I think. When I think back to growing up what I remember most is my parents telling us kids that money doesn’t grow on trees. We learned very early that it wasn’t worth asking for the latest gear […]