Cheap or frugal: Which are you?

Call me frugal and I’m a happy fox. Call me cheap and I’ll be very upset indeed! These two words seem very similar on the face of things, but boy oh boy you should not get these two confused.

Continue reading “Cheap or frugal: Which are you?”
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An alternative approach to traditional asset allocation and risk tolerance

You may already be aware of the two major schools of thought relating to asset allocation (meaning your split of equity/fixed income within your portfolio); a fixed allocation and a so called ‘glidepath’ allocation. Having extensively read about both methods, I decided that neither of them were for suitable for me so I came up with something a little different based around a ‘Dynamic Asset Allocation’ model.

Continue reading “An alternative approach to traditional asset allocation and risk tolerance”

The trouble that comes with mental accounting

Humans seem to require some semblance of structure in their lives to function well (er, most humans seem to anyways). As a species we tend to like categorising and counting things. For the individual, this tends to gives rise to mental accounting within their personal finances.

What is mental accounting? This is the phenomena whereby we give our individual £s objectives and goals; we even divide them up into neat little buckets.

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RESET: A book review

I’ve read many of the classic personal finance books that are thrown around in the FI arena, including Rich Dad Poor Dad and The Millionaire Next Door, so I’m well versed in the literature that’s currently available.

Recently, David Sawyer reached out and asked if I’d like to review his book ‘RESET…’ and I jumped at the chance.  The book has early retirement right in the title, so I was hooked already!

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You need to start taking your online security more seriously

In the modern digital age, good online security practices are paramount in protecting not only our assets but our identities. Best practice for keeping the baddies out of our accounts currently involves running two-factor authentication (2FA) alongside a strong, unique and near unbreakable password. But how can an individual such as yourself possibly be expected to do all that?

Today I’m going to talk about how the Frugal Foxes mange our online security and hopefully inspire some action on your part to follow suit. Continue reading “You need to start taking your online security more seriously”