Recently I watched in horror as my mother in law was trying to work out what income and expenses she has had over the last few years on a property which she jointly owns but has been renting out. Hearing tales of her requesting 9 years worth of bank statements and scratching around in the […] Read More
Personal Finances
Despite religiously tracking my net worth, the main metric I tend to focus on when evaluating my portfolio is the income that it generates. After all it is the portfolio income that will one day pay my bills and keep me in Werther Originals. Monevator has written an excellent article on targeting your current monthly income as […] Read More
Disclaimer: Even though NISAs don’t go live for another 2 months (June 2014) this articles refers to ISAs by their new name, NISAs. Why the government felt they needed to re-brand ISAs I will never know! NISAs form a key part of my investment portfolio and plans to retire early. Particularly in these times of […] Read More
Blogsphere seems to be obsessed about the concept of passive income. If you listen to many of the bloggers out there then passive income is the secret (and only true path) to early retirement. My idea when creating this site was to chronicle and document my thoughts as I continue to grow my Money Tree. In […] Read More
It’s a busy time Under the Money Tree. For various reasons the final two months in the UK tax year are a busy time here at UTMT HQ. Here’s what’s on the agenda… Work bonus As discussed recently I have just received my annual ‘incentive’ bonus. To be honest it is not a massive incentive […] Read More
There must be a million and one ‘how to save more dosh’ articles on the internet. In this article I’ll be sharing some of the techniques and approached I use to maximize our savings. Hopefully you’ll learn a bit more than the usual ‘take your lunch to work with you’ or ‘pay off your debt […] Read More
I work in a bank and as a result, each year I’m involved in the annual bonus game. Disclaimer: Though I work in a bank, I’m not a ‘banker’ per se, but a Risk Analyst. This means that I am a cost to the firm rather than a revenue generator. As a result I didn’t […] Read More
Well, i’m a bit late but I thought it’s about time I reflected back on my achievements (or lack of) over the last 12 months, particularly in the financial sense. Good Bye Mortgage By diligently following the mortgage over payment rules I’ve managed to pay off a whopping 22% of the total outstanding balance from […] Read More
If you want to increase your wealth it is always a good idea to know what your current status is. If you’re buying shares in a company hopefully the first thing you look at is the balance sheet. The balance sheet is the financial thermometer that tells you the health of the company. At the […] Read More
I’ve been debating over the last few weeks about how much contribution to make to my personal pension. As with most of the unlucky under 40’s in this country, I’m on a defined contribution pension scheme. Up until now i’ve not made any contributions of my own, instead i’ve been focusing on diverting my cash […] Read More