Talking about money, especially borrowing it, can be tricky. Words like Annual percentage rate (APR which is the cost you pay each year to borrow money) and collateral (something valuable you promise to give if you can’t pay back a loan) can make it seem complicated. Then there’s your credit score, which is like a […]
A Practical Approach for Young Adults Let’s be real – money can be stressful. Between rent, loans, bills, and the occasional splurge, it can feel like financial stability is a distant dream for most people. But here’s the good news: taking control of your finances is possible, no matter where you live or what you
Hey money warriors! Life throws curveballs, and we all need a financial shield to protect ourselves. That’s where your emergency fund comes in – your personal central bank to battle unexpected bills and keep your budget afloat. Why an Emergency Fund? It’s Your Financial Bodyguard! Imagine your car breaks down, or your phone takes a
Fortress Finances: Building Your Emergency Fund Vault Read More »
Students and young people are typically thought of as being in a more secure position during a recession, with not as many overheads as older adults with mortgages or children, for example. A recession means the Bank of England has had negative growth for two quarters of the financial year. Recently, however, there has been
Finance Finesse: Avoiding the Crunch in a Cost-of-Living Crisis. Read More »
Buy Now Pay Later (BNPL) providers skyrocketed in popularity during the pandemic. Makes sense, right? Out of necessity, a lot of shopping moved online and retailers became more adventurous with their customer experiences. In 2019 one of the industry’s biggest disruptors, Klarna, was valued at $5.5 bn; by 2021 it had reached $46 bn. PayPal, Afterpay, Affirm, Sezzle, and dozens of
The majority of our ninth season of the Bonsai Briefs podcast has explored debt: how to avoid getting into uncontrolled debt, understanding its risks, and budgeting to ensure you can pay it back. There’s a lot to unpack, so keep reading. Subscribe to the BonsaiBriefs Podcast for daily money tips! Register for our Upcoming event on the 22nd of June 2023 – How to Save
Some say your undergraduate years are the best years of your life, your adult life officially starts, and the money habits you pick up will shape your financial future. We’ve created a survival checklist for students to help them maximise their resources and avoid debt after school. ✔️ Set SMART financial goals It is never
The Financial Survival Checklist for Students – BonsaïMoney Read More »
A good quote can influence us in positive ways. It makes us reflect, implement the advice and do better. We’ve put together 31 money sayings with awesome finance tips that can help you on your financial journey when making money decisions. Share your favourite with us @bonsaimoney on Instagram. 1. “A fool and his money