Factoring to support small business cash-flow
Some 20 years ago I took a severence deal to leave my job in the nuclear utility where I had worked for some 20 years. It was really a no-brainer because the alternative was to spend days away from home, my new wife and kids and hours each way on…
Children and money: are we teaching our future the wrong thing(s)?
Our youngest son is starting high school tomorrow and this quite clearly means that he will have to take new financial responsibilities. Gone are the days when he could just walk down the road to his school or we could pop around to pay his dinner money. From tomorrow on…
Crystal clear with Crystal Stemberger: How I Make Money Blogging
I have been an admirer of Crystal Stemberger for…well, since I started blogging, really. I have always admired the simplicity and spirit of her site Budgeting in the Fun Stuff; as to her knowledge about how to make money blogging I can say only one thing: WOW. Crystal is a…
Attitudes to life and money: about the ants and birds
This morning I was stretched on my bed, enjoying the last days of relative leisure in our home in Sofia – in couple of days we will be heading back to Manchester and my life is going to take a sharp turn towards regimented self-discipline (ok, motivation), long working days…
The Matthew Effect: rich people not only get more, they also need to spend less
In sociology, there is a phenomenon known as the Matthew effect, or accumulated advantage. Put simply, this means that the rich get richer and the poor become poorer because of the economic and cultural capital that goes with having access to resources. Personal finance bloggers have different take on the…
Four reasons for not automating our car and home insurance
There is a lot to be said about automating your finances and I am a great proponent of it. In fact, I can safely say that our finances are as automated as they could be – at the beginning of each month set amounts of money flow to different accounts…
Principled Money Posts #20: ‘we all like to be beside the sea side’ edition
We are back after a week at the sea side; to say that it was glorious will be an understatement. It was so restful – we rented a comfortable apartment for a week at the cost of £200 ($350) which fills my PF blogger heart with joy and satisfaction. There…
Living life, loving life and budgeting for it: the Cinderella rule of personal finance
This is the article with which I competed in the Personal Finance Olympics. Enjoy! Doing our household accounts has become a ritual of mine – at the end of the month I sit in my study with a nice espresso and pour over spreadsheets, cash flow statement, receipts and handwritten…
Principled Money Posts #19: the end of the Olympics edition
Today is the day for our regular round up of epic money posts. It is also the official closing ceremony of the London Olympic games; and not surprisingly the end of the Personal Finance Olympics at GoBankingRates. Here it is time for another edition of the principled money posts series….
Do you need to join a gym? No, really!
Fitness is one of the fastest growing industries in the developed world: even in 2008, in the UK, contrary to the general economic ‘gloom and doom’ it reported an increase in market value of 2,6%. Not bad for an industry that started as the preoccupation of a small number of…
It is voting time again: The Money Principle’s entry in the Personal Finance Olympics is live
Thanks to the great support of my readers and friends The Money Principle made it to the finals of the Personal Finance Olympics at GoBankingRates. All finalists had to write an article on the following topic What is the one financial “golden rule” that you’ve since abandoned in our post-recession…
Would an end to no-win no-fee agreements be bad for ordinary people?
This article was contributed by David at CK Claims – a personal injury solicitor based in Manchester, UK Justice Secretary Kenneth Clarke’s plans to reform the ‘no win, no fee’ legal scheme, due to fears of Britain’s growing compensation culture, will have a huge impact on the justice system. Ostensibly,…