Thrifty Thursday | Rising prices
The reason for todays picture is I’m thinking about transport. When the government in the UK does quantitative easing (printing money) commodity prices like oil go up. Oil is used for transport and gas is used for heating and making electricity; so all our basic costs go up. Prices on the stock markets have been taking a battering in the past few weeks and the Eurozone crisis has deepened; we just have to be thrifty and frugal and try to weather the storm. (more…)
Finance | Appreciation and Depreciation
Depreciation
I bought my car in 2004 and so it’s lasted 8 years without any trouble. That is 12.5% depreciation a year and I expect it to last at least another 2 years so I can get depreciation down to 10% a year. It’s not as fashionable as a new car straight out of the showroom; but cost a lot less. A wealthy American on television advised people to own more appreciating assets than depreciating assets like cars; that was good advice. (more…)
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