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How I Manage My Finances as a Software Developer | Alex Hyett

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By now you have probably taken down your Christmas decorations and your house is starting to look a little empty and so is your bank account too. What better time than January to finally sort out your finances. As software developers, most of us tend to be blessed with above average salaries. However, earning a high salary doesn't automatically translate to being wealthy. As Morgan Housel says in the book "The Psychology of Money" (affiliate link): We should be careful to define the difference between wealthy and rich. It is more than semantics. Not knowing the difference is a source of countless poor money decisions. Someone who has a high income is considered rich, but they can only be considered wealthy if they manage to save that money. Wealth is just the accumulated leftovers after you spend what you take in. And since you can build wealth without a high income, but have no chance of building wealth without a high savings rate, it’s clear which one matters more. I know plenty of d

By now you have probably taken down your Christmas decorations and your house is starting to look a little empty and so is your bank account too. What better time than January to finally sort out your finances. As software developers, most of us tend to be blessed with above average salaries. However, earning a high salary doesn't automatically translate to being wealthy. As Morgan Housel says in the book "The Psychology of Money" (affiliate link): We should be careful to define the difference between wealthy and rich. It is more than semantics. Not knowing the difference is a source of countl

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