An image showing a skimming stone across a lake to depict skimming your bank account.

Skimming Your Bank Account: The Easiest Way To Save Money

Start skimming your bank account regularly and you’ll be amazed with how much you have saved in just a few months! OK, first of all, when I talk about skimming your bank account I’m not suggesting you take part in anything illegal! But, if you’ve been keeping up with me this week, you’ll have noticed I’ve been banging on about…

An image of a penny to depict the Penny Challenge.

DJT’s 365 Day Penny Challenge

You will probably have come across lots of saving challenges, especially at this time of year, but I have adapted the Penny Challenge to suit me and my saving aspirations. In normal circumstances the Penny Challenge works by adding an extra penny to your total per day, for e.g. 1p, 2p, 3p right the way up until you put £3.65…

What saving challenges are there? Do saving challenges work? What are the best saving challenges? How successful are saving challenges?

Two Saving Challenges I Will Complete This Year

Ever since I started this blog around a year ago I like to set myself saving challenges for the year. Last year I just had set standing orders topping up various accounts, however this year I want to go a step further, living off no more than 50% of my wages. I tried and failed this last year, but still…

base rate

Base Rate Of Interest Drops: What The Fudge Is All The Fuss About?

The UK’s media went into a frenzy at the release of the news that Bank of England governor, Mark Carney, is dropping the base rate of interest to a record low of 0.25%. I watched the speech in great anticipation, and, after sifting through the jargon I got together with icount Money to produce an easy to understand infographic that…

How to build wealth

6 Money Habits To Build Wealth

Financial success and wealth isn’t achieved overnight. It takes a firm plan and a commitment to execute it to the letter. Intelligence, charm and talent  are all fine and dandy, but more often than not these aren’t what separate the wealthiest from the poor among us. The differences lie in our daily habits and rituals. These subconscious, second nature activities…

Why You Are Failing To Save

If you are getting nowhere fast trying to save some money away for a special occasion, an emergency fund or a deposit on your own house, there is probably a good reason why. I have been here myself, I just could never seem to get going and get any significant amount of cash stored away. I had nothing for an…

Pension Time Bomb: Why You Need To Save Now! [INFOGRAPHIC]

Are you a part of the pension ticking time bomb? If you are a regular visitor to this blog you will know that I am an extremely late retirement saver and only very recently started taking care of my pension. I was warned at 28 that I was already too late by a financial advisor, I chose to act at…

Savings

Why You Will Never Score Without A Savings Goal!

It is no surprise that people who set themselves a savings goal achieve their target faster. If you are serious about that first time home, dream luxury holiday or you are saving for retirement, set your goal, work out what you are able to save every month and watch it grow. If I can do it, anybody can! Set  Savings…

Retirement

When Should You Start Saving For Retirement?

A constant increase in the cost of living means saving for your retirement has never been so important It is a conundrum for many of us. When is the perfect time to start saving for retirement? Well that depends on your life goals I suppose! For instance, I’m planning ahead now so I can call work a day by the…

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