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”

How I Invest in the Stock Market Series A

Disclaimer: No information on this page can be taken as financial advice. This is what I have done based on personal research. Please undertake your personal research and seek financial advice if required to inform your decisions. All information here is my opinion hence do not expect me to repeat the phrase, ‘opinion and/or personal opinion’Continue reading “How I Invest in the Stock Market Series A”