Book Review: The Barefoot Investor -The Only Money Guide You’ll Ever Need – Scott Pape

Book Review: The Barefoot Investor -The Only Money Guide You’ll Ever Need – Scott Pape

Scott Pape has been voted “Australia’s most trusted finance expert.” He’s the money guy for Channel Seven and Triple M, and writes two weekly national newspaper columns. He has advised AFL and NRL teams about money, and consults to the Australian government on financial education in schools. Scott lives on a farm in country Victoria with his wife, two sons and three dogs. Source: https://barefootinvestor.com/about/ Scott Pape is a well known and trusted personality in Australian finance. His third book “The…

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How You Can Smash Your Debt With These 3 Easy Tricks

How You Can Smash Your Debt With These 3 Easy Tricks

Just like football, meat pies, kangaroos and Holden cars, debt seems to be a national past time in Australia. According to the Australian Bureau of Statistics 74% of Australians held debt in 2016, with the most common type being credit card debt. Whilst the trend shows the percentage of households in debt has not changed a great deal in the last ten years the average amount has almost DOUBLED. However all is not lost, we as a collective have the…

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An Introduction to Emergency Funds

An Introduction to Emergency Funds

What is an Emergency Fund? An Emergency Fund in simple terms is a lump of money that you keep aside to use in case of emergencies. It is a “peace of mind” account. It is money you put away for a “rainy day”. It gives you the comfort to know that is something drastic happens and all of a sudden you need a sum of money it is sitting there waiting. Unfortunately life does throw curve balls every now and…

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7 Side Hustles You Can Start Today

7 Side Hustles You Can Start Today

This article is a follow-on from An Introduction to Side Hustles. The introduction post was designed to provide an insight to someone new to Side Hustles and how they can be beneficial to achieving financial independence. With this article I want take it one step further and create a list of potential side hustles for you to explore. In future posts I will build on this with a more in-depth review on some of these. You will notice that the list is…

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An Introduction to Side Hustles

An Introduction to Side Hustles

A side hustle is a way to make some extra cash from a source other than your main income. A side hustle can come in many forms, a part time job, selling stuff on eBay or Etsy, online surveys, driving for Uber, starting a blog or many others. In fact if you have a hobby or a talent there is more than likely a way you can monetize it to earn some extra cash. Why start a side hustle? There…

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Invest or pay off debt

Invest or pay off debt

It is a question you often here around the personal finance traps, and the answers are as diverse as us ourselves. The truth is, as in all areas of personal finance, the answer is… personal! There are so many factors involved, there is no absolute right answer. If we were robots on the other hand, of course there would be – if the compounded rate of return on your potential investment was guaranteed to be higher than the interest you…

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Product Review: Acorns

Product Review: Acorns

This article has been updated December 2017. Fintech is playing a big part in the future of personal finance. Although the basics of investing remain the same and always likely will, the advent of apps such Acorns have changed the landscape of investing. Acorns will probably not appeal to a serious investor, (for some reason I can’t see Warren Buffett opening an account) however it has really done a great job reaching out to a group of individuals that otherwise…

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50 Cheap And Fun Activities To Do With Your Kids

50 Cheap And Fun Activities To Do With Your Kids

Let’s face it, it’s easy to fall into the trap of spending lots of money trying to provide entertainment for your kids in this day and age. I remember when my parents would pretty much open the front door and say “Be home before before dark, don’t get it trouble” and leave us to make our own fun (maybe not viable today but there is merit to this). However these days just going to the movies almost requires you to…

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6 Great Reasons You Should Start Meal Planning Now

6 Great Reasons You Should Start Meal Planning Now

Food plays a huge part in our lives. Of course it provides nourishment, but beyond that can bring love, joy and happiness to a family. For some it will be fond memories of large family gatherings with copious amounts of food, stuffing yourself silly. For others it may be the joy of teaching our kids to cook pancakes on the weekend. On the flip side it can also be the cause of stress and take up considerable amounts of our time. As a father who cooks I quickly learned how important being prepared can be, particularly the evening meal. Meal planning can help solve the age old question many parents have heard around 4-5pm… “What’s for dinner?”

6 Travel Budget Tips and Spreadsheet Template

6 Travel Budget Tips and Spreadsheet Template

Travel is always something that I will budget to save for, no matter how tight money may be. You do not need to spend thousands of dollars or to be rich to enjoy a family holiday and the life experience and bonding that come with it. To help you design your family holiday budget I have uploaded the TSD Travel Budget spreadsheet to my downloads page. This is the spreadsheet that I use when I am planning my family holidays…

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