A guide to saving: Frivolous versus Serious?

During a conversation with a friend the other day, she mentioned that she has two types of money: frivolity fund and serious savings. The excess money she earns every month is her frivolity fund, to be spent on things that she likes the look of, once the important things like her mortgage and food shopping have been paid. The cash in her savings though, is serious savings; it’s there for a purpose and it can’t be spent on expensive frivolities, no matter how badly she wants them. Her main problem is that she doesn’t really know what her serious savings are for.

Financial advice: what the internet won't tell you

The chances are (if you’re reading this) that you’re already considering using a financial advisor. You might have already turned to the internet to tell you why a financial advisor could be beneficial to your finances – to be honest, that’s what I did when I was looking for ideas for this blog. And the internet provided the evidence i.e, many articles written over the years that contain the same ideas: financial advisors are highly qualified, they know the rules and regulations and they’ll do the research on your behalf thus saving you time while improving your financial situation.