personal finance - One Cent At A Time

9 Steps to Secure Your Finances For the Future

August 13, 2018 2 Comments

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.

9 Steps to Secure Your Finances For the Future

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.

10 Must Have Personal Finance Habits

October 10, 2017 5 Comments

Having good financial habit is a must for everyone but most usually don’t have these or have not spent the time to take a good look at their finances. Because you are here reading this I can assume that you have decided to take your financial life a little more seriously.

10 Must Have Personal Finance Habits

Below are 10 great financial habits you must imbibe to get you to achieve the financial freedom you have always dreamed of.

Quick Fixes to Improve Your Finances

June 5, 2017 2 Comments

Keeping your personal finance in order is vital to avoid debt and afford certain things like a car or, your home at a lower interest rate. Getting your money in order helps avoid the stress and disarray caused by mounting debt.

Quick Fixes to improve Your Finances

The good news is, a financial situation can be improved, mainly through self-discipline. Following are 4 major tips for financial quick fixes that you can try when going gets tough. Not in particular order, all of these need to be taken care off at the same time.

10 Habits of Financially Stable People

April 9, 2017 16 Comments

Just like any other goal, financial success requires the practice of good financial habits. If you want to finally eliminate debt, increase your personal savings, and achieve financial security for yourself and your family, you need to take a good look at your current spending. Assess which ones are truly necessary, and start making changes to the way you budget and spend your money.

10 Habits of Financially Stable Person

To me, being financially stable and having a lot of money are not synonymous. You may have a large income but, it doesn’t always mean you’re financially stable. Financial stability ensures that you are capable enough to hold on to the wealth, even during difficult times. So, irrespective of your financial situation, you should strive to become financially stable and develop the habits of a financially stable person.

3 Micro Ways to Fix Your Finances

August 22, 2016 3 Comments

You’ve got the debtors at the door, last demand letters and statements piled up in the living room and a quivering, shivering bank balance that’s teetering on the brink of your overdraft limit. It’s not a great way to start your day – and it doesn’t have to be this way. There are subtle and micro ways to quick fix your finances.

3 Quick Fxes to Financial Problems

For some, money slips through their fingers like grains of sand. Yet these perennial spenders don’t realize that they can cut their budget with the little things.

When you Urgently Need a Large Amount of Money

August 12, 2016 6 Comments

Earlier I posted methods of earning quick cash legally. In this article let’s talk about a situation where all of a sudden you have a need for huge amount of cash, the situation we term as a financial emergency. And let’s say you don’t have an emergency fund built up. How can you quickly arrange for that large amount of money? This is not about making money, it’s about arranging the money for the emergency need to pay off later.

You don’t have it available in your bank account, and you really need to get your hands on this money in a short period of time. What are your options? From my point of view, you actually have three or four solid options at your disposal. Chances are, one of these options will work for you so take a deep breath and try to tone down your panicked state.

5 Stoic Principles for Financial Success

July 1, 2016 3 Comments

Stoicism is a school of Greek philosophy founded in Athens whose followers practice a way of life that focuses not on what a person says but on how they act. To live a good life, one has to understand the rules of human behavior since Stoic lessons teach that everything happening around you is rooted in your own mind.

What does this have to do with financial success?

Let’s take a look at five Stoic principles that should form the bedrock of your own financial success.

4 Simple Ways to Jumpstart Your Finances

June 3, 2016 4 Comments

More than half of the people falter at managing finances. Rather then don’t even try to manage their finances. yet, finance is perhaps the most important part of our personal life. Sometime an entire family depends on your income. You need to provide for your children and elderly. It’s important that you provide for every one while keeping an eye and a portion of your income for your retired life.

If your finances are in jeopardy, that means you are in debt and you have no saving to start with. This is precisely the moment you start taking charge of your finances. You start prioritizing your needs and learn to separate out needs and wants. This is exactly when you start saving money and spend only on necessities.

The below post from Steve Repak talks about 4 steps to jump start your financial engine, after it was broken down midway. Enjoy the post.

Financial Advice to my Younger Self

April 11, 2016 2 Comments

As far back as I can remember, my parents always stressed the importance of an education. My mother was an English teacher, and my father worked in finance. They came from a 3rd world country, worked hard, and put my brother and I through school.

I love them dearly for that. Many people in this world, including many of my friends, grew up in single parent homes or were not pushed to succeed by parents that stressed the importance of an education. To be sure, many of these same friends who did not have the benefit of encouraging parents still received excellent educations, great careers, and have gone on to start families of their own.

Now, I am a firm believer in education as instrumental to success. I have an undergrad degree and a graduate degree as well. However, I do not necessarily believe that one must get educated and acquire skills through expensive universities. Looking back on the past 15 years or so, I wondered what I would tell my former self with the benefit of hindsight.

7 Smart Money Moves for Any Age

April 4, 2016 2 Comments

When it comes to money, making more of it does not necessarily mean you have more to spend. Even people bringing in six or seven-figure incomes can run into financial problems if they don’t have basic budgeting management skills in place. The way you spend and save money on an everyday basis impacts your overall financial health, both in the short- and long-term.

Not sure where to begin? Take a look at seven ways to get your finances in better shape.

1. Pay Off High-Interest Items

If you have high-interest credit card debt, now is the time to pay it off (and not rack any more up). In late 2015, the Federal Reserve announced the first rate hike in over a decade. Several more are expected over the next few years and this interest could add up quickly, depending on your balance.

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1. Pay Off High-Interest Items