How To Make a Personal Budget in 6 Easy Steps
If you want to control your spending and work toward your financial goals, you need a budget. A personal or household budget is a summary that compares and tracks your income and expenses for a defined period, typically one month. While the word “budget” is often associated with restricted spending, a budget does not have […]
Why Your Financial Plan Should Cater For Possible Dementia
“It is not the load that breaks you down. It’s the way you carry it.” (Lena Horne) Dementia 101 It’s common knowledge that life expectancies are on the up, but few people realise that this also means a significant rise in cases of dementia. Studies show that the global prevalence of dementia ranges between 5 and […]
Rules of Financial Planning for a Special-Needs Child
“I wouldn’t change you for the world. But I would change the world for you.” (Anonymous) Don’t leave things to chanceA budget is key to any good financial plan, and in the case of a special-needs child, it’s even more crucial. Start by plotting an expense timeline detailing the medical treatments, care requirements and any […]
9 Ways to Avoid Emotional Investing
Have you ever looked back at your investment track record and thought about how stupid an investment was? I know I have. Investing is an emotional game, and it can lead us to make some terrible financial decisions when we let our emotions get involved. That’s why we need to put systems and rules in […]
