Something strange happens when I start considering investing, I start to fear loosing my assets, loosing my hard earned money but when I go shopping the contentment is here and now, I buy stuff, it makes me happy, it feels real and I don't feel ripped off at all. In fact the more I think … Continue reading Consumption vs Investment
10 months since I have taken the BSRI challenge, so where do I stand ? I have done OK I guess...
Here is a short summary of my saving rates over the course of the past 5 years; (I still have to work on the earlier years). Variations depending on real life events such as moving jobs... A saving rate above 100% means I sometimes get a deposit back or some taxes back which in some … Continue reading A history of saving
how come some of the personal finance bloggers achieve 40 or 50% savings when most of us struggle to save 10% ? I barely hope for 30% myself this year and I feel committed to this. To go beyond that first 10% saving level you can start buying more clever, wait for promotions, buy in … Continue reading The ratchet effect
6 months since I have taken the BSRI challenge, so where do I stand ?
How long before retiring, how much to save ? Two crucial questions that a bit of spreadsheet magic can help answering... Let say you start work at 25, with 35KE p/a, free of debt, and ten year later you manage to get paid 45KE p/a Your budget on average might look like this: Then we … Continue reading A few calculations
a quick update on my saving tracker at the end of march
It is not very rewarding, only at the end will I be a able to enjoy the benefits...
why complicate things ?
which are real saving tips, which are not ?