One part of a decent financial plan is a regular budget for your monthly income and spending. Most of us need some simple rules of thumb to get into good habits and start growing our wealth. That’s where the 50/20/30 rule comes in. Originally set out in a book by Harvard scholar and US Senator … Continued
A personal retirement savings account, or PRSA, is Ireland’s 21st century pension plan. It’s the plan that works in a world where you’ll probably work for a bunch of companies through your career. It’s designed for a world where lots of us work for small companies, and the gold-plated pensions of a couple of generations … Continued
Are you financially fit? Here’s Moneycube’s one-minute financial health check to help you take the pulse of your finances. Do you have expensive debt? Expensive debt is basically any loan apart from a mortgage. Is your credit card cleared each month? Is your bank account in credit? If you didn’t answer yes to each of … Continued
Everyone needs to prepare for the unexpected. An emergency fund you can access when you need it most is probably the most important savings goal you can set yourself. But this cash needs to be accessible fast, and very low-risk. That means your rainy day fund is not going to grow very quickly as an … Continued
Moneycube is often asked about the investment alternatives for someone with around €10,000 to invest. Is there a worthwhile alternative to leaving the cash in the bank? Yes, absolutely! We’ve set out some considerations for someone with this kind of sum to invest. An investment fund is ideal With €10,000 at stake, the risk of … Continued
There’s some great stuff going on when it comes to managing your money in Ireland right now. You can borrow, lend, exchange and invest your money using Irish fintech businesses, no problem. We’ve picked out a bunch of sites that might tempt you to do the modern thing. CurrencyFair This is the place to … Continued
At Moneycube we believe more people should think about investing their savings. One big reason for that is that it is almost impossible now to make any money by leaving it on deposit in the bank. Deposit rates continue at near-zero levels. Prices came down in May While your bank savings might have gone nowhere … Continued
The Irish government starts selling down your stake in AIB from 23 June. If you’ve got a spare €10,000 or more, you might be thinking of taking a slice (you need to be signed up with a stockbroker by Friday 16 June). Here are five reasons we’re steering clear. 1. AIB’s share price is way … Continued
With rising prices and Central Bank lending rules, getting a deposit together takes some smart thinking right now. Here’s our handy guide to help you. Set a realistic goal You’ll be a better saver when you’re motivated by the idea of your future house or flat. How much is it likely to cost? Once you … Continued
