Deep Pockets

Turning Money Management into a lifestyle.

Archive for February 2018

Keys to good Financial Health – Expenditure

  Variable Costs A Financial Health check is a review that needs to be carried out on finances. Variable costs are the last section of costs to be reviewed in the Financial Health check. We have previously looked at Income, Long-term loans, Short-term debt, and Fixed cost. Variable costs are flexible costs that vary depending on the level of output for example, money for groceries, going out and shopping. This is the […]

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Keys to good Financial Health – Expenditure

Fixed Costs When performing a Financial Health check, you will be reviewing important aspects of your finances. In my previous blogs we explored how to analyse Income, Long-term loans, and Short-term debt. In this blog will look at Fixed Costs.             Fixed costs are the costs you have to pay without fail. Asking the following questions will help you to start making long to medium term plans.  Are you getting value for […]

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Keys to good Financial Health – Expenditure

Short Term Debts Financial Health check should be carried out annually or once every 6 months. It is an analysis of income and expenditure which enables effective planning. In my previous blogs I have covered two vital components of an effective Financial Health check which are income (Keys to good Financial health – Income )and long-term loans (Keys to good Financial Health – Expenditure). In this blog, I will be focusing […]

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