Navigating The Current Financial Times
Covid-19 has really shaken up things around the world but please don’t bury your head in the sand, don’t panic, troubleshoot the problems as they come and focus on what exactly you have to do to manage and thrive in the coming months and look after your financial and emotional health as much as you possibly can.
4 Reasons Financial Planning Is Different For Women And Men
Men and women save differently. So it’s complicated to make a clear-cut on who is better at saving. A survey by Fidelity in 2017 showed that women saved a higher percentage of their income compared to men. However, it also found that men save almost double of what women kept aside as emergency funds, and triple to retirement.
How to become debt free : 5 easy steps
The first step you need to take to becoming debt-free is to set up a debt payment plan. A good debt payment plan should tell you the order to pay off your debts, help you track your progress, and speeds up the time it will take to pay off all your debts.
MASTER THE ART OF SAVING WITH THESE 6 TIPS
Saving begins with a change of mindset. It takes discipline and control to suppress the urge to spend and save money. To change your spending mentality, you have to develop discipline and master the art of saving over time.
Depending on how much you wish to save, this article will arm you with handy tips to maximize your savings.
5 THINGS TO KEEP IN MIND WHEN FINDING HIRING A FINANCIAL ADVISOR
Everyone needs a professional financial planner or adviser to keep them on track on their financial goals. It doesn’t matter how much money you have, If you are not familiar with investments and how or where to invest your money reasonably for your money to work for you, It's a good idea to enlist professional help.
5 REASONS YOU SHOULD ASK FOR A RAISE EACH YEAR
Raises don’t come by easily. While some organizations periodically review employee’s salaries, others only give salary increases when demanded by the employee. So if you don’t ask for a raise, you are less likely to get a fair value for your contribution to the company.
There are several arguments as to why you deserve a raise; from an increase in responsibility and performance to other factors. In this article, I have listed five top reasons why you should request for a raise every year.
CREATING A FAIL PROOF BUDGET
Creating a budget helps you control your finances. Every successful financial plan starts with a great budget. But many people find the six letter words very unpleasant. Most don’t know how to create one.
TAKE CONTROL OF YOUR FINANCES
Lets talk about how to work towards financial independence and some steps that You can take to get to the your financial goals.
Understand Your Finances:
Its always easy to want to put your finances in Order but If you have no Idea what You are spending your money on then its impossible to fix the issue. For this I am using an awesome personal finance tool called Personal capital .
You have the ability to add all Your financial accounts and it puts together a n aggregate display of your financials. This will help you understand the overall health of your finances.
2. Planning and budgeting :
Budgeting is very Important when trying to achieve any financial independence. Having a breakdown of what you are spending your money on will make you understand where you need to cut back.
I am not a good budgeteer so I try to divide my money in different accounts that i use to spend on specific needs. You may use a spreadsheet or put your money in different envelops for different needs and that will help you manage your finances much better.
WELCOME TO MY FIRST BLOG
Hello everyone and welcome to my very first blog as I work through life one spending at a time. I am very excited to share my journey and I hope someone will motivated to start their own Journey or learn a thing or two from this process.