In step 28 we’ve looked at how to put away extra money that you might get at a certain moment in time, such as a bonus or as a gift, in order to find a balance between rewarding yourself in the moment, whilst at the same time making the most of the extra payment in the long-term by saving a part of it.
From now on, you are going to do exactly the same when you get a pay rise. In this case you should interpret “pay rise” in a broad sense and think of it of an increase in your monthly cashflow, which can come about for many different reasons. This could indeed be a higher pay from your employer, but it could also be a little side income you might be getting from doing extra work, or even a lower mortgage pay or some other favourable reduction in your expenses on a structural basis, resulting in a little extra money left over at the end of each month. Continue reading →
It’s exciting times as we are about to embark on our 100 steps mission to financial organization and independence! Or better said: as we have embarked on our mission, as this is our very first step! I hope you’re as eager to start and get your finances under control and set yourself up for successful money management as I am!
I’ll be here to help you along the way and to walk you through the 100 steps that will help you achieve your goal, doing just 1 step at the time. With every step you will feel more and more in control of your finances, as you organize yet another small part of your current, past or future finances. When we get to the end of our mission, you’ll be a finance ninja, managing your money responsibly and you should be well on your way to financial independence. Continue reading →