Off The Beaten Track

Your Career

The Emergency Savings Fund

July 2, 2015 // 3 Comments

You’ve probably heard it many times: you should ‘save for a rainy day’. Having an emergency savings fund helps you prepare for unexpected costs that may arise. Emergencies can be anything from replacing your microwave to a big car or home repair. It’s a good idea to have money set aside for such so that you don’t have to turn to debt and cause yourself an unnecessary headache while losing money in the process. An emergency savings fund guarantees peace of mind and [...]

Good Debt, Bad Debt and the Gray Matter in Between – Part 2: Business Loans

May 6, 2015 // 0 Comments

The second part of our Good Debt, Bad Debt series focuses on business loans. You can find part one on student loans here. So you’ve just hit on a brilliant business idea and all you need is a few hundred thousands to make it work. This product or service is everything that the world has been waiting for, there’s no way you can fail. You decide to approach a bank for a loan to get your business going. Business loans are also considered a good debt. You take out a business loan to start a [...]

Good Debt, Bad Debt, and the Gray Matter in Between – Part 1: Student Loans

May 4, 2015 // 1 Comment

A lot of people are genuinely confused about how to differentiate good and bad debt. We’re going to be breaking down these different forms of debt throughout this week and covering the grey areas as well. This article will focus on the first ‘good debt’: student loans. Student loans are generally classified as good debt. One aims to obtain a qualification hoping that it will allow you to get a job that will, in the long run, not only pay the loan and interest back, but also improve their [...]

So You Want to Freelance?

May 3, 2015 // 0 Comments

This article first appeared on The Daily Planet website. Click here for original article.   I’m starting to think I may have approached this funemployment business with rose-coloured glasses. Freelancing is great because I work flexi hours, but nothing prepares you for the gaps in pay – no matter how ‘financially savvy’ you are. I’d like to share a few tips on how to manage money when you’re not getting a steady salary.   Budget for fixed and variable expenses Some [...]