Adjustments – Life

A Budget or Spending Plan should always make space for adjustments. Life happens and this needs to be accounted for. Depending on what stage of the financial lifecycle you are in, life can throw a spanner into the works at any time; an unexpected purchase – new electronic product because the old gave up ORContinue reading “Adjustments – Life”

Keeps – Savings

Let us talk about Savings and Investments; split into ‘savings for now’, rainy day funds and retirement. Savings = Keeping for Now and Later. Emergency Funds Retirement & Pensions Sinking Funds Home Maintenance Funds Children/Parent Assistance Fund The first thing to do is to decide your goals and life aims. Save for Emergencies & YourContinue reading “Keeps – Savings”

Going Outs – Expenses

Going Outs is what I call Expenses. Anything you spend money on is an EXPENSE. Your Savings Are Savings. – Praus Life Finance What is Included in the Expense Category? Life basics – housing, food, clothing, health, transportation, basic communications – are the essence of any Spending Plan and form the basics of the ExpensesContinue reading “Going Outs – Expenses”

Clue On – Income

This will cover all your income, earnings, rebates i.e. incoming money. Things to consider include: All Earnings Frequency of Payments Expected AND confirmed rebates etc The first part of a Spending Plan is to calculate how much money you have coming in each month or 4-week period. It is much easier for those on fixedContinue reading “Clue On – Income”

Spending Plans

Some call it Budgets and others call it Spending Plans. I prefer to call these Spending Plans. Have a clue what is coming in, plan for what will go out, know what needs keeping and make room for life. – Praus Life Finance A Spending Plan (or Budget as some call it) is key toContinue reading “Spending Plans”

What Would I Do With A LISA?

I currently have a LISA (Lifetime ISA) and plan to use it to buy home or for retirement. This blog post is to give a brief on the LISA, its features and how you can utilise it towards your first home purchase or as a retirement account. Assuming Maggie is a 37yo lady who doesn’tContinue reading “What Would I Do With A LISA?”

How I Invest in the Stock Market Series B – Dollar Cost Averaging

Dear Daughter, I recently received some questions on the term Dollar Cost Averaging (DCA) -what it really means & why DCA when investing. Taken the opportunity explaining this as much as I can in this post. I hope you find it useful. For the purposes of this post, please change the currency to your localContinue reading “How I Invest in the Stock Market Series B – Dollar Cost Averaging”

How I Invest in the Stock Market Series B

In this section of the Wealth Building Series, I speak about the basics of investing and what I do. As usual, this blog has been set up to teach my future daughter the ways of the UK personal finance scene. Dear daughter, you will be right to check that all information is current. This isContinue reading “How I Invest in the Stock Market Series B”


For anyone who is not aware the 2019/2020 Financial Year ends on Sunday, 05 April, 2020 at 11:59pm. The world is experiencing an epidemic at the moment and half of humans are under Lockdown; we are stuck at home. Here in the UK we are only allowed to go out for essential reasons only. WhilstContinue reading “HTB ISA vs LISA”

How I Invest in the Stock Market – Part 4

Charitable & Payroll Giving The above are great ways to give to your favourite charities or a cause you support. I am a Christian and decide to give 10% of my gross earnings (pls do not try and get me into an argument about gross or net giving. I will not engage. Do what yourContinue reading “How I Invest in the Stock Market – Part 4”