One Cent At A Time

A Personal finance blog for saving money and earning more and thus having a better life

Underrated Tips to Improve Your Financial Health

Leave a Comment

Improve Financial Health

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.

Avoid Lifestyle Creep

Getting a raise or finally paying off that auto loan is a great feeling. You will have more money coming into your pocket every month, but you need to be smart with it. When many people add extra discretionary income into their pockets, their standard of living also rises. This idea is known as lifestyle creep.

Continue Reading...

45 Money Quotes You Should Keep In Mind

Leave a Comment

Quotes are easy things to overlook. But that has nothing to do with the fact that they contain priceless advice from some of the smartest people in the world.

45 Money Quotes You Should Keep In Mind

I found some of them funny, some thought-provoking, and others interesting but I never took them seriously until I spent four years building my business and learned my lesson in a hard way.

Continue Reading...

What To Consider When Lending Money To Family

2 Comments

Family members lend money to each other all the time, but this does not mean that doing so comes without risks. Unfortunately, many people lend close relatives such as their brother or sister money without ever receiving a dime of repayment.

What To Consider When Lending Money To Family

This can be damaging to the relationship and makes it more likely that the lender will not help other family members within similar positions because the perception will be that lending informally comes with too many risks.

Continue Reading...

10 Common Misconceptions About Money

4 Comments

There’s a lot of information out there about money, but there are also a lot of myths and misconceptions. You might have even heard something about finances from your parents and grandparents growing up and just believed it to be true.

10 Common Misconceptions About Money

This can be dangerous as you might be making bad decisions about your future. Further, you can also be missing out on great opportunities to increase your wealth.

Continue Reading...

5 Most Important Financial Lessons for the Dummies

Leave a Comment

When we were young we had the capacity to dream – and we had big dreams. I remember that I wanted to be the aeronautical engineer and a neurosurgeon at the same time, and I actually wanted to become a bird at a time? However, as we grow older, the realities of life set in and we have to specialize and pick a job out of the many jobs that interest us. People build careers in different fields such as education, business, technology, healthcare, sports, and arts among other things.

5 Most Important Financial Lessons for the Dummies

Irrespective of the career path you chose, you’d still need to make a number of financial decisions at different stages in your life; folks who do not have a background in finance are often at a disadvantage in the crossroad of making financial decisions.

Continue Reading...

Olympic Athletes Share Goal-Setting Secrets

1 Comment

As competitors from around the world gather in Rio de Janeiro for the 2016 Summer Olympics, we investigated the strategies these elite athletes use to stay motivated to achieve their goals. Could their mental techniques help the average Joe manage his money more effectively?

Olympic Athletes Share Goal-Setting Secrets

I think champions in any field are the examples of dedication, hard work, determination and will. They are the ultimate achievers. Good qualities in Olympic athletes can be used by other professionals who wish to achieve highs in their professions.

Continue Reading...

10 Limiting Money Beliefs You Should Avoid

1 Comment

We have some beliefs around money, which we cultivate since our childhood. Sometimes they are the beliefs shared to us by our parents. Sometimes we assume on our own. Do you have some time to think about those beliefs? You should take some time out and relfect on those beliefs.

You never know how many of money concepts we have are actually not true. Some beliefs are limiting, some are no longer valid in our generation. Some are partially applicable to our lives. Let’s discuss 10 most prominent money beliefs that you should avoid, as those might hinder not only your financial life but your life in general

  1. I’m not smart enough: Most people believe formal education is the only education that will help them become more successful. The wealthy respect formal education but they tap any form of education available to make their dreams a reality, whether that’s interviewing very successful people and learning from them, reading, listening to audio programs and attending seminars.

 

Continue Reading...

How Procrastination Affects Our Finances

4 Comments

We know flight tickets gets pricier as the date of travel approaches. We planned to go to India, our home country, in the month of December. I initially planned to buy the tickets as early as July/August, checked the price and they were, in fact, the cheap. But, I did procrastinate. I didn’t buy the tickets till November and as expected, I had to buy those two tickets at a higher price.

How Procrastination Affects Our Finances

We do procrastinate all the time. Be it the time to get a shower, time to wake up in the morning or to pay the bill before the ‘due date’. Delaying on things cost dearly. In the financial domain, prices soar, demands change, stocks go higher or lower. Time decides how much money you can make from stocks. Time determines if you need to pay late pay penalty on your credit card bill.

Continue Reading...