Deep Pockets

Turning Money Management into a lifestyle.

Personal Finance

Information on how to manage personal finances.

Are your pockets getting deeper?

Once you have set your savings goals and are happily saving, the next question you need to answer is are your savings working for you? One of the default ways I like to save money is by using a savings account. There are many options for savings accounts that are available. Most of which are offered by banks. I generally find that accounts where you can easily access the money […]

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Advice to my 18-year-old self

As a young adult, one of the areas I struggled with was financial education. During my last year of high school, general information like career advice was readily available however, I don’t recall receiving any basic financial advice. The knowledge I had at the time was based on observations from people around me. Further education One of the major decisions I had to make in life was whether or not […]

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Owning that Property – Finance Management

In this blog I will be providing tips on the costs you should budget for when planning to buy a newly built house. In the previous blog we looked at how we conducted the initial research. How much is it actually going to cost? Do some research to find out how much it will actually cost to buy the property and the maintain it. For instance, in the UK if […]

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Owning that property

The journey to owning a property for us was a hard and long process but rewarding in the end.  It was one of our main goals because paying rent felt like we were paying someone else’s mortgage. I learnt a lot along the way and will share this in upcoming blogs. The blogs will include information on costs to expect and how to navigated the whole process. Speak to a […]

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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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News Watch: Open Banking

Open banking which recently come into effect in the UK, has been called a banking revolution by some and a potential fraudsters heaven by others. The rules were introduced in order to increase competition and innovation within the banking sector whilst allowing customers to benefit from technological advancements. What is Open Banking? Open Banking are new set of rules that allow banks to share client information with regulated 3rd parties subject […]

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Keys to good Financial health – Income

I was watching Dragon’s Den (BBC UK) the other day and was intrigued by how the contestants had perfected their pitches when selling their products but almost always got tripped up when it came to one area the dragons are most interested in… the numbers and financial returns. Many of us take care of our health through routine visit to the doctor, dentist etc. We have an annual service for […]

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