Thriftiness is back. The present crisis was created by a gluttonous appetite for debt, and the bubble bust lead to many losing much. Some even went into negative equity. As a result, a lot of books and website are promoting a come back to good old values: live within your means, reimburse your debts and [...]
Posts under ‘Basics’
Stay on top of your expenses
Pfiou – what a mess ! We just spend an hour yesterday tracking our expenses for the current month. We enjoyed some EPF withdrawal which directly lowered our mortgage principal – it is great, but we did not anticipate the additional work we would have to track it! It kind of messed up all of [...]
Finance & Markets Milestones
We have been chasing money for thousands of years. But the money we are chasing nowaday is quite different from the one used in the old days. As with everything human, we complexified the system over time. We started of with shells, precious metal, banknotes, and are now regularly using credit money. Money is part [...]
Bull & Bear Market?
Every profession like to have its own vocabulary and slang. Vocabulary is essential in describing something precisely, while slang helps give meaning to a professional terminology or concepts – and a sense of belonging to a community.
The financial markets are packed with slang. I thought it would be interesting starting a new category which will [...]
Budget Template – Doc Stoc
Your budget and its reporting are at the basis of your personal finance plan. Setting up a budget is an important milestone on your path to financial independence. You will refer to it regularly, enter data, extract data, and analyze it. It is a great tool to review and improve your situation along the way.
Budget [...]