Elderly People Who Won't Spend A common problem many families face is getting elderly parents to spend money on their personal health and welfare and on their accommodation. This can cause immense frustration and in extreme cases, a breakdown in family relationships. Children and grandchildren become burdened with concern for the welfare of their elderly family members and with having to provide care the elderly refuse to...

Mind that Gap There are numerous examples of celebrity relationships with a large age gap between partners (Michael and Catherine, Woody and Soon-Yi, Calista and Harrison) and such relationships are increasingly common throughout society. The success of any relationship relies on good communication and negotiation of differences so the needs of both partners can be met. Financial issues due to age differences are among th...

Think, Shrink, Grow Getting on top of your money issues will be a lot easier in future with the new look Sorted website. Sorted has built a huge following of people keen to make their money work better for them and is recognized internationally as being at the leading edge of resources to help improve financial literacy. The revamped website is simpler, less cluttered, and more straightforward to use. In the same way that...

A Budget for Baby One of the most significant financial decisions a young couple can make is when to start a family. Worries about money are one of the key reasons why couples delay having children. Being financially prepared for the first baby can help reduce the stress that sometimes comes with what should be a joyful occasion. There are three categories of cost to be considered: One-off costs, such as a car safety s...

Top Tips for Spending Less There are only two ways you can save more: you can increase your income, or cut back on your spending. Here are seven great ways to save by spending less: Buy and sell second hand goods on trading websites. Have a rule that before you buy anything new, you have to get rid of something first. That way, you avoid accumulating clutter. If you have to buy new, use price comparison sites on the i...

Blended Families Getting together with a new partner can have its difficulties, especially when there are children from a previous relationship involved. While there are many practical issues to resolve, often the most complex are to do with money. Decisions need to be made on how best to pay for the household running costs and who has responsibility for expenses relating specifically to individual children. If each partn...

Invest in Your Relationships One of the most interesting aspects of wealth creation is that it is virtually impossible to do on your own. Put a person on a desert island and he or she will not create any additional wealth than is already present on the island. Give that person the best technology available to communicate with others and suddenly there is an almost unlimited ability to create wealth.  There is a direct co...

Poverty Mentality The way you think about money can have a huge influence on your ability to create wealth. Poverty mentality is a mindset that people develop over time based on a strong belief that they will never have enough money. This mindset is driven by fear and can cause poor financial decision-making. Here are some common characteristics of poverty mentality: Being constantly worried about money or thinking abo...

Pay Off  Your Mortgage Faster One of the best ways to get ahead financially is to pay off your mortgage as soon as possible. The first step towards doing this is to create more surplus income; that is, the difference between what you spend and what you earn. This means either cutting back on your expenses or finding ways to increase your income. Next, look at how your mortgage is structured. There are a number of factors...

Time and Money In the harsh world of economics, the value of a person is not difficult to quantify. In simple terms, the value of a person at a given point in time is based future earnings, which is the number of hours the person is able to work for the remainder of their life, multiplied by the hourly rate the person is capable of earning. There is a common saying; ‘time is money’ and there is no doubt the two are in...