Aug. 30, 2023

Unit price is calculated by dividing the price by it's quantity. Quantity could be number of items, or the weight or even volume. For example, a 350g jar of honey costing £1.99 will have a unit price of 0.57p per gram.

#unitpricing

Aug. 31, 2023

Many supermarkets have the unit price on most on the product labels. So no need to bring a calculator. Sometimes the until prices are per 100g or 100mL. This helps understand value for money.

#unitpricing

Sept. 2, 2023

It is good to have financial goals, like saving for a holiday or buying a house. Goals will help you focus on your budget and incentivise you to save money.

#financialgoals #buildingsavings

Sept. 4, 2023

Expenses can be considered to be planned or unplanned. Unplanned expenses (like a car breakdown) adds another dimension to your budget considerations, and is one that could potentially have a huge impact.

#unplannedexpensescancripple #savefortheunexpected

Sept. 6, 2023

Planned expenses are ones that you know are coming, usually on a specific date. For example Rent, or Car insurance. As the name implies you can plan for these easily.

#plannedexpenses

Sept. 7, 2023

Planned expenses commonly go hand in hand with fixed expenses, as often if it is planned then it means that you are committed to it, and its a fixed amount. But not always, for example phone bills fluctuate with usage and roaming etc.

#plannedexpenses

Sept. 12, 2023

Unplanned expenses are expenses that are unexpected. For example a car repair, as you definitely did not plan for the car to break down...

#unplannedexpenses

Sept. 13, 2023

Unplanned expenses can have huge consequences that reach beyond your budget. A car repair could take a big chunk of your budget, and/or it could prevent you reaching work and earning a days' wage.

#unplannedexpenses

Sept. 15, 2023

To help buffer for unplanned expenses, an emergency (or Rainy day) fund can help. This is a pool of money set aside for emergency spending, that doesn't land you in the red.

#unplannedexpenses #rainydayfund

Sept. 16, 2023

Emergency (or Rainy day) funds allow you to maintain your budget while paying for unplanned expenses because you "planned" to have some unplanned expenses at some point in the future.

#rainydayfund