Four simple and effective rules of money management
For me January is a very confusing month. On the one hand, it is the time of beginnings and excitement. This is when I focus on ‘big’ plans and often find myself reflecting on my life and building dreams of where I wish to be. This is my ‘month of…
Who said New Year’s resolutions don’t work?
Almost everyone, really. At this very moment the internet is congested by articles and posts telling you that New Year’s resolutions don’t work, why they don’t work and how to make sure that they do work. I’m telling you they do work! But you’ll have to keep them simple and…
Annual Review 2013: Looking Forward
I love the end of the year; mainly because of the promise it carries for something new and different; and vecause it is the time when I do my annual review. The last days of the year are also the time when I carry out my annual review, consider…
Christmas Eve Greetings and Meet the New Member of Our Family
It is Christmas Eve and for me, as an Eastern Orthodox Bulgarian, this is when the celebrations really happen. It is a family thing; not a noisy, showy affair full of presents but a family meal. The meal consists of many vegetarian dishes: after all it is the last meal…
Three ways to minimise your waste and maximise your wealth
Do you know the first rule of the Game of Wealth? No, it isn’t ‘spend less than you earn’. It is what comes before that, which is: Minimise your waste to maximise your wealth! At least this is what I figured out when I first started transforming our finances and…
From ‘pinstripe’ to ‘baggy jumpers’: four steps every small business owner should consider
Couple of days ago I looked at what we have accomplished during 2013 as part of my annual review. We’ve done well but we are still largely ‘selling labour’ which is unlikely to get us where we wish to be: to have £2.5 million, or equivalent, by October 2018…
Frugality of Folly: healthy soups lunch for less than 20 pence (30 cents)?
Yep, it is possible. In fact, you can see the lunch I had today on the picture: homemade lentil soup and homemade pita bread. Total cost: 19 pence (28 cents) per person. Soups are probably one of the most nutrition efficient foods. Most soups work out at between 7 and…
Debt is not just for Christmas!
These last couple of weeks I’ve been living in a tiredness and stress related fog-like state. Had to do the last of my teaching and the later in the semester it is, the more it takes out of me. Marking has started coming in; and of course it has to…
Great Money Saving Tips for University Students
Editor’s note: This evening I decided to publish a guest post by my young(er) friend Kevin Watts. You may have come across him; he is the creator of GraduatingFromDebt where he blogs about not getting in debt when at collage/university, paying off debt if you manage to build some and…
Principled Money Posts #56: ‘…in honour of Sigmund Freud’ edition
The other evening I gave a colleague and a friend a lift back from work. We were sitting in the car, shielded from the elements and once we stopped discussing research methods and their relative strengths we moved onto the things that matter in life. We started talking about the…
Frugality of Folly: breadmaker for Christmas?
Recently we realised that our older sons, the ones supposed to be independent and make their own way, have been getting in debt. Yep, both of them. Because I realise that young people today have it rather hard – jobs gone, pay gone down and the rest – I got…