One of the great challenges in creating and sticking to a budget is knowing how to define what is affordable. Common but terrible proxies for defining affordability include: Available balance …
Cover your Commitments
Insufficient funds Have you ever received a call or e-mail advising your regular direct debit was declined due to insufficient funds? Or perhaps you've booked an appointment with your …
Plan for the Predictable
Many expenses that blow people's budgets and eat into their savings are predictable occurrences. The precise amount and timing may vary but the occurrence is very likely, so build an allowance for …
Net Wealth
A primary purpose of creating wealth is to achieve financial independence, which is the point when you can afford to choose not to work. Net Wealth is the key measure of your progress toward …