ROI

“Return on investment is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of a number of different investments.”

Thanks Investopedia 🤓

The concept of ROI is simple –

but it’s really the implications that are fascinating. For example…

“I wore this dress once but that’s ok, it only cost me $20.”😅

Compared to…

“I wore this dress once and I spent $200.” 😟


It’s so much easier to accept mediocre returns when the initial outlay is small. Hence why you are more likely to impulse purchase clothing & beauty products, then say, a car.


So how can one make better decisions when it comes to maximising ROI, especially for small purchases?

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What is the point of budgeting?

Budgeting comes up as one of the ‘must do’ items if you want to be good with money. You must have a budget. You must stick to a budget. Whatever your budget of choice, there’s a zero based budget, a 50:30:20 budget, a 74:26 budget (really, in case you couldn’t tell, you can have any type of budget you want…).

But what problem does budgeting actually solve? 🤷🏻‍♀️

Continue reading “What is the point of budgeting?”