Personal finance

Adjusting to inflation rises

Inflation is starting to rise pretty much all over the world. Cash rates have gone up, which will almost certainly be followed by interest rates on mortgages, and the cost of basic goods and fuel has increased. Inflation really starts to bite when wages don't increase, reducing spending power. The macro economic effects might be… Continue reading Adjusting to inflation rises

Personal finance

10 things you can do in the first year of working towards financial independence

Financial independence is a long-term commitment that takes time to achieve. When I first started my own financial journey, it felt like a long way off and it is easy to get discouraged in those early stages. But there are a few things that you can get ticked off early on. If you have resolved… Continue reading 10 things you can do in the first year of working towards financial independence

Personal finance

Download my zero dollar annual budget template!

The biggest thing that has helped me with my personal finance goals is making a budget. There are lots of different types, I've found a 'zero dollar format' works best for me. You assign each dollar to a different spend category, or to savings, at the beginning of each payday. This helps pay yourself first,… Continue reading Download my zero dollar annual budget template!

Personal finance

2021 – End of year financial wrap-up

2021 has been my year to focus on my health and wellbeing (see my review post on that), but I've also been keeping my personal finances ticking along which were my primary focus in 2020 (see my 2020 review post here). This is my review of my personal finances for 2021. Budgeting Once again, I… Continue reading 2021 – End of year financial wrap-up

Personal finance

Can you give to others whilst building financial freedom?

I'm always inspired by the many people on a journey to financial freedom, who still prioritise giving to others. Even if your goals are based on amassing wealth, I think donating helps get out of that scarcity mind-set that being financially secure is all about. Christmas is a good reminder that there are plenty of… Continue reading Can you give to others whilst building financial freedom?

Personal finance

My first foray into cryptocurrency

Last month, I made my first ever cryptocurrency purchase. You might think I'm late to the party, and possibly a bit reckless, but I haven't just bought crypto, I've 'staked' it. Here I'm sharing a couple of things that I've learnt with this first purchase. Why now? Up until recently, cryptocurrency has been a commodity… Continue reading My first foray into cryptocurrency

Personal finance

Should I pay off my mortgage, or invest for financial freedom?

I've been working towards financial freedom for a couple of years now, and I'm still wrestling with this question. Do I focus on paying down my mortgage and reducing interest? Or do I focus on building up an investment and seeing market gains and dividends? I've been doing a bit of both as I see-saw… Continue reading Should I pay off my mortgage, or invest for financial freedom?

Personal finance

Five things I don’t buy, in exchange for financial freedom

During 2020 my focus was on my personal finances and taking steps towards building my financial freedom. A lot of the things I did were 'boulders'. These are the one-off tasks that were big steps towards achieving my goal like creating a budget, finding a way to track expenses and comparing services to ensure I'm… Continue reading Five things I don’t buy, in exchange for financial freedom

Personal finance

A financial decision based on emotion

Sounds like a bad idea? We are taught that financial decisions are made on numbers. Do the math, calculate the options then select the best one. Well, I just did the opposite. I paid off my student loan even though it's not the debt with the biggest interest (that's my mortgage) and I could probably… Continue reading A financial decision based on emotion