Make Your Money Work For You
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Managing your money is very much like maintaining a healthy lifestyle. Just as exercise and a balanced diet require daily commitment, effective budgeting needs consistency and careful planning to yield results. Many people find the idea of budgeting overwhelming because it seems to demand meticulous tracking of every expense. However, if you create a system …
Being in your thirties is one of the most important and hardest stages of life in today’s society. In our early thirties, we are often urged by the society to marry and establish a family. As was the case with many of the 90s’ kids (including Yours Truly), parents in those days often advise their children to …
In today’s age of luxury and consumerism, it is difficult to teach children financial responsibility. Here are some strategies for teaching our children financial responsibility. Children mimic their parents’ saving, spending, investing and borrowing habits. Actions talk stronger than words, and financial responsibility is not taught but rather ingrained from childhood. The path begins with the …
Just to start with a disclaimer here, I am not a proponent of a credit card. I do not recommend people to buy credit card, as I am of the old-school follower that spend what you have in your hand, and do not spend by borrowing or taking credit. But the main objective of this …
This is one of my favourite write-ups on personal finance and my increases my curiosity to understand the current generation’s thoughts on costly leveraged purchases (sometimes myself as well!). First of all, let us try to understand what is a ‘Leveraged spending’. For retail consumers such as ourselves, ‘leveraged spending’ means using debt or borrowed …
Tracking your spending is a simple yet powerful habit that can transform your financial well-being. It’s a practice embraced by many of the wealthiest individuals, who have made monitoring every dollar a cornerstone of their financial strategy. As highlighted in The Millionaire Next Door, many millionaires are meticulous budgeters, and while you might not be …