All Posts By: Adam | Money Rebound

Is it ok to borrow money to buy a car?

‘Pay cash for everything or you’ll never have any money’

That was the advice given to me by a successful businessman when I first started out working for him at 17 years old, man that seems like a long time ago. He’d just bought a brand new Mercedes Sprinter van for his Kitchen business and paid cash for it. Now I’m sure there are many people out there, many accountants probably who might argue that there are more tax efficient ways to do things but I had to take my hat off to him, he’d done well for himself and he’s doing even better now.

Do it while you’re young!

Before I begin this post I should really tell you a little bit about myself. My name is Adam, I’m 29 years old, I have 2 kids, I pay for a house, I pay bills, I run a car, I financially plan for the future and like most other people my age I have a whole host of other living expenses to account for. When all is said and done, life is pretty expensive.

I do however remember a time when life wasn’t so expensive, when I had plenty of spare money at the end of the month to spend on whatever I liked. I didn’t really think about how best to spend my money back then, let alone if I should be saving it. Looking back now though it’s clear to see that when it came to money life was just so easy. Perhaps it was too easy and I expected it to always be that way but one thing is for sure, I certainly didn’t appreciate it as much as I should have. If I’d have known then what I know now –you know you’re getting old when you start saying stuff like that – I’d have used my time and money a lot differently, a lot more wisely, here’s what I’d have done.

The Best Ways to Cut Down on Motoring Costs

For most of us one of our biggest monthly expenses is the maintenance and running of our cars. If you want to cut down on your motoring costs then doing so isn’t as difficult as you might think. The following are a few simple approaches to spending less on your motoring.

Be Smart About When You Drive

The simplest way to spend less money on your car is to use it less. Car pooling or car sharing is a great way of getting to work each day while spending a fraction of the money on fuel. If you have colleagues who live near you then it makes no sense for all of you to travel to work in your own cars instead of sharing. Alternatively, you could think about walking or cycling to work just one day a week in order to save some money and feel good about yourself as well. Making short journeys to the stores or wherever is also a bad habit which many of us could cut out if we tried.

From Small Acorns Mighty Oaks do Grow

Here I go again drawing on time old sayings in order to bulk out my weekly posting schedule. This saying is one that I really have always loved though, ‘From small acorns mighty oaks do grow’. I’m not sure if this is a real proverb, a biblical verse or if it’s just something that one of my wannabe philosopher friends thought up one Friday night at the bar but when it comes to business, the principle of the saying really does hold true.

Many people at some point in their life have thought about starting their own business, have you?

They may think that they could do a much better job than their own boss at running the company they work for. They may dream of a better life for their family both on a financial level and also when it comes to work-life balance. Or perhaps you have an amazing idea for a product which you feel has the potential to fly off the shelves and fill a huge gaping hole in the market.  

The Hardest Things in Life are Often the Most Worthwhile

Hey everyone, the weekend is here at last and I hope you’ve all got something nice planned. If you’ve not had chance to check into Money Rebound this week then be sure to pay us a visit today as we’ve published a couple of really great posts this week. Our Staff writer Jen from The Happy Homeowner wrote a great post showing us that money making doesn’t have to be a boring affair; instead it can actually be fun and exciting if you just take the time to think outside of the box. Then on Wednesday I published a post from a freelancer friend of mine Elisha talking about how she manages to balance working from home as a freelancer with being a full time mother. As Daisy from over @ Suburban Finance commented, most of us can only imagine how tough that must be!