A recent news article by the financial times showed that annual income in the UK has reduced by 4.5%. An income shock, to economists, is jargon that means that something unexpected hits the economy. A negative income shock, such as what is occurring with coronavirus, is when the unexpected hit makes people worse off. This … Continue reading The “Income Shock”
I think that I have mentioned a couple of times that my husband is one of millions of people that are going to lose their job and be made redundant. For the moment, he is still on furlough. Because I am the one with the harder to get job (and usually the more job security), … Continue reading The Job Search
Life is messy. I don’t really know how else to put it. This month has been a series of small accomplishments for us and some very big challenges, mistakes, and rebalancing. I thought I would write them out here in case they are useful for you. Net Worth (was is the right number to use?) … Continue reading The good news, the bad news, and the all together news
So much has been going on, I don’t even know where to start. My spouse was diagnosed with an auto-immune disease just before his 40th birthday. The implications of his disease means that he will likely have mobility issues down the road, and now our financial independence has taken on a completely new dimension, as … Continue reading Curves in the Road
There is an interesting discussion on one of the online personal finance groups that I am on about Gen Xers and how we are, as someone said, the “sandwich” generation: stuck between two much larger pieces of bread. The term GenX was popularized by a Canadian writer and artist Douglas Coupland. His book (and his … Continue reading Financial independence is not about the money
Each month or quarter, I am inundated by offers for services by my bank, other competing banks, insurance companies, etc.. When our house insurance came up for renewal this month, the insurance company wanted more than 100 pounds more than they did the year before. I found a much more competitive introductory offer by our … Continue reading Saving £100 on home insurance but saying no to 0%-balance transfers. Why is it different?
I was recently speaking with a friend of mine who has a child with serious mental health needs. We were talking about the list of people that you have in your team that help you. By team, I don’t mean your spouse (though maybe he/she/they are very helpful), but I was actually thinking of the … Continue reading Yourname .Inc
Is the up-coming recession an item in your worry-journal? I’ve been thinking about and reading about things to do to secure ourselves from the economic shocks that (may be) on the horizon. Of course, everyone in the U.S. is talking about the inverted yield-curve, but don’t forget, even though the British public is taking vacation from … Continue reading Recession Planning Woes
There has been a lot of talk lately on some of the groups and blogs about “F-You” money. I must admit that I haven’t really thought a lot about “F-You” money before because I generally really like my career. My job is (was) a pleasure. However, there have been a number of things at work … Continue reading A golden (financial) ratio or dog-paddle everything at once?
Are you being paid less than your male colleagues? I am. Does this matter for your financial well being? Absolutely. Last week something happened to me that is both amazing given our current financially tight situation and the home buying process but also annoying. In the place that I used to work, it turns out … Continue reading Wage Gap Crap