A Personal finance blog for saving money and earning more and thus having a better life
Securing your financial future is something you should consider regardless of age or status. With some planning and a little foresight, you could be well on your way to carving out a future free of debt and worry.
Being financially comfortable when you get older will not only make it easier to live life to the full but could provide you with choices you wouldn’t otherwise have. Here are 4 ways to secure your financial future.
Many of us have thought about financial freedom at some point.
What is it?
It’s a concept that seems almost too good to be true for some people-
Money often makes the world go around – whether we like it or not. Though having a lot of cash in your bank account might not be able to make you happy, it does make it a lot easier to avoid stress, anxiety, and other common problems. Fortunately, you don’t have to be a millionaire in the making to live a comfortable life.
Sometimes, all you need to do to gain financial independence and stop stressing over your cash is to improve the relationship that you have with the money that you do have.
The New Year is a perfect time to look back on your life and decide what things you’d like to change and where you’d like to find improvements. It’s always difficult to make resolutions, but under the right circumstances and with the proper motivation, it can be done.
This year, why not make it a resolution to fix your personal finances and get yourself out of debt? Besides signing up for a debt consolidation program, here are five money management tips that will help you achieve your goals.
The United States of America is a land of vast opportunities. With each dawning day, many individuals travel to America to make their dreams a reality. However, it’s quite unfortunate that these USA immigrants face a challenging financial situation.
It’s often a result of a lack of credit history. It becomes hard to build an identity in a country where they want to meet their goals. Its why building a credible credit history is essential for setting up a life in the USA.
This weekend I was doing some de-cluttering exercise at home. Many unwanted papers I got rid of. While doing so, I came across a handwritten note at the back of my old bank statement, probably it was the first bank statement I received after opening an account with Bank Of America. The title said “A Complete Guide to credit score”.
I came to America in August 2005, I belonged to a country where there is no system for maintaining credit scores. There, Lenders, and probably government too, believe in the fact that money can be reclaimed by force.
Anyways, that’s another story, which I will touch upon a bit in various upcoming blog posts. Today’s topic is about that handwritten note.
While everyone wishes they had a perfect financial situation, this is unfortunately rarely the case. In fact, numbers show that well under 50% of Americans have enough in savings to cover even a $1,000 emergency. However, saving money isn’t the only financial issue that people experience. Many spend too much on things they don’t need or simply don’t know where their money goes every month.
With that in mind, this blog post is going to look at a few underrated tips to improving your financial health and situation.
I am sure you’re anxiously seeing the stock indices volatility and gross downturn past few weeks. Is it abnormal? Naturally, stocks do vary. For example, there are dividend stocks or defensive stocks. A good beginning stock is dividend stocks which give buyers a long-term return. A defensive stock is a good beginning stock for a long-term investment like water, electrical, or utility stocks.
I am not panicking with the recent market downturn. Neither should be you. We need to understand how these markets work. The loss you are seeing now re all paper loss, you don’t make a loss till you sell your positions. I am holding tights on to my stocks and funds.
Do you tend to spend more than you earn? Do you procrastinate paying your bills on time? Well, not everybody is good at managing their finances. While some find it difficult to maintain the minimum balance in their account, others shop using their credit cards and tend to spend more than their budget.
If you don’t know how to manage your finances when you earn, thinking of saving for retirement would seem like a Herculean task. Many people, especially middle-income earners find it difficult to save money for their future.
Your future is determined by your daily habits. So if you want an abundant financial future, look no further than your next 24 hours. Because a few wise decisions made daily can lead to significant gains over the course of your life. Are you struggling financially? Are things not working out as you expected? Look no further than you. Think about your daily routine.
The gain in productivity is not a day’s job. You build up practices and rituals that eventually take you towards your goal. Plam is the design, practice is the method and discipline is the most essential ingredient. You should follow certain practices daily for your financial success.
