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The Savvy Scot

Personal finance and lifestyle blog

The Perils of an All Cash Budget

By savvyscot

Digital currency is better in every respect. In fact, physical currency will become a thing of the past soon. Denmark, Norway, Sweden all plan to go to a cashless society. Many other countries, no doubt, will follow suit.

A popular trend over the past decade has been to spit in the face of digital currently and use paper money instead. Why? Many people believe that paper money keeps you from overspending. You only have a set amount. Once you spend it, it’s gone.   In theory, this sounds nice. You simply keep cash… Read more

Filed Under: Personal Finance Tagged With: Cash Budget, The Perils

The importance of working as a student

By Pauline

According to a study from private student loan lender Future Finance, 78% of students in the UK feel the importance of working during the summer months. While 26% are looking to gain experience, 24% need to make ends meet. That means they are more likely to take a bartending job, or a job in retail,… Read more

Filed Under: Money Tagged With: working as a student

5 Ways to Handle Legal Matters on a Shoestring Budget

By Pauline

No one ever anticipates getting caught up with legal matters, but unfortunately, it happens. Whether you’re dealing with a personal injury claim, landlord and tenant issue, or lawsuit brought on by creditors, there is probably nothing as financially draining as dealing with an issue that must be brought before the legal system. From the filing… Read more

Filed Under: Money Tagged With: Shoestring Budget

How to Stop Buying Garbage You Don’t Need!

By savvyscot

Probably the biggest reason people don’t get rich is because they spend it all. Does that make sense? Jeeze, I hope so.

Probably the biggest reason people don’t get rich is because they spend it all. Does that make sense? Jeeze, I hope so.   What most people do is they take what little money they have and immediately dispose of it. Popular methods of disposal are for things like cars, shoes, purses, toys (like quad bikes,… Read more

Filed Under: Saving Money Tagged With: Stop Buying Garbage

Over Half of Brits think they will own a house by the time they are 30

By Pauline

  Surveys consistently show that it’s becoming increasingly difficult to buy a home. For many young Brits, buying a home has become a statement of financial investment or commitment to a partner. With new research from icount, showing that 60% of Brits think they will own a house by the time they are 30. Why… Read more

Filed Under: Money Tagged With: House

Is Health the Key to Wealth?

By savvyscot

The relationship between health and wealth is a great one. What will blog post will do is examine the relationship in detail. Why is this so? How can a person gain both attributes if they currently have neither.

It’s probably not a surprise to you that rich people get sick less often than poor people. Now, is it because they are wealthy which is why they are healthy? Or are they wealthy because they are healthy?   The relationship between health and wealth is a great one. What will blog post will do… Read more

Filed Under: Fitness Tagged With: Health, wealth

Getting Financial Help for a Struggling Small Business

By Pauline

The ‘Great Recession’ may be behind us, but the economy is still full of uncertainty. For some business owners, they are still struggling to get back on their feet. For others, foreign competition, or new technologies have thrown them a curveball. The government knows it is tough to run a small business, but they are… Read more

Filed Under: Money Tagged With: small business

When Does Travel Fit into a Financial Plan?

By savvyscot

Yes, opportunity cost is the cost of doing something with your time. Since the trip was over summer break, this trip would cost me greatly in opportunity cost. Let’s break this down.

This is a question I’ve been contemplating since I was 14. When I was 14, I had my first job. The job didn’t pay much but since I was in high school, I was able to save nearly everything.   One day, there was an early morning meeting about a group tour. A tour company… Read more

Filed Under: Travel Tagged With: Financial Plan, Travel Fit

4 Financial Advantages to Being a Nomad

By Pauline

The nomadic lifestyle is starting to increase in popularity. As more individuals break free of the confinements of corporate jobs, high cost of living, and increased stress, the idea of taking off to explore the world around them becomes more attractive. Unencumbered by the financial burdens that keep many from living a joyous life, being… Read more

Filed Under: Money Tagged With: nomad

Is Abstinence the Secret to Financial Success?

By savvyscot

Is Abstinence the Secret to Financial Success

  When we think about sex and money, we often think of the extreme cost of children. Children are no doubt expensive. And how do we get children? You know. So is abstinence the secret to financial success?   For this discussion, it’s not about being abstinent forever. If we agreed to that, the human… Read more

Filed Under: Saving Money Tagged With: Abstinence, Abstinence the Secret to Financial Success

The Money Mentality of Americans

By savvyscot

The Money Mentality of Americans

America is a powerhouse. In terms of economy, entertainment, news, politics, you name it. So what is it about the mentality of Americans has enables them to be involved in so much? Is it a good mentality? Are they happy? Are they as rich as they seem? Let’s determine what makes Americans tick, today on… Read more

Filed Under: Personal Finance Tagged With: American, Americans, money mentality

Teaching Your Kids About Money

By Pauline

It’s important to teach your kids about personal finance. For the most part, these ideas aren’t going to be taught in schools. And places that do teach them often skip over the important stuff. Most kids don’t need to know how to write a check, even though they still teach this in some places. Kids… Read more

Filed Under: Money Tagged With: kids money

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Neither The Savvy Scot or any guest writers on this site are finance professionals. All writing on this site is intended for entertainment purposes only. Some posts on this site may be sponsored and will include links to external content. See Terms & Conditions page for further details.

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