Lifestyle is a choice

Lifestyle is a choice. It is about prioritizing what is more important to you. Eventually everything you own comes at a cost. What is the cost you are willing to pay – is a question you need to ask. If you are chasing financial independence, it comes at a cost – cost of delaying gratification and having a disciplined approach. If you are chasing lifestyle which is not commensurate with your income, it comes at a cost of your future financial security. You need to decide what are the costs you are ready to bear!

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Finding difficult to save money? Follow these 7 steps!

Earning well, saving money and investing well are 3 pillars on which foundation of a good financial life can be made. However, lot of people, despite earning well, are unable to save money. One of the reasons is chasing a lifestyle which is expensive. Another reason for this is inability to control impulses and running out of money before realizing that you are out of money! What are the steps you can follow to save money, when you want to, but unable to, even though it may be under your control?

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7 habits of well paid yet broke people

Earning good money – be it salary or business, is the first step towards a good lifestyle and being financially well off. Yet, it is not common for people to be well paid, have good lifestyle but financially struggling – almost broke. And for most, this is entirely avoidable.  But then, it requires a change in habits and changing the lifestyle that led to this. What are some habits of well paid but broke people?

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5 tips to save money on grocery shopping

Grocery shopping is almost like  a constant variable in your monthly expenses! It is one kind of shopping that needs to happen once in every few days and there is no way out, unless you are willing to eat out for a prolonged period of time. Thanks to options provided by supermarkets these days, it is very easy for your grocery shopping budget to shoot up even without you realizing it. What are some tips you can follow to save money while doing grocery shopping?

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Do you know how much are you spending?

Any long term financial planning approach needs to have saving and investing as its raw materials. And to begin with, you need to understand where your money comes from and how much, and how much are you spending? Do you know how much are you spending?

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7 common money mistakes which beginners make

Money management is not an easy task. For the inexperienced, and often for experienced ones too, it is not difficult to spend money. It is saving and investing – things that form backbone of good money management, that is difficult. Invariably, lot of people make some common money management mistakes. Over a period of time, few learn the lessons, some don’t and many don’t even realize that something is amiss. What are some common money management mistakes which several beginners make?

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10 tips to avoid impulse buying

Impulse buying is one of the major reasons why even seemingly well-earning people are unable to save money. The whole temptation of impulse buying is dependent upon instant gratification. Avoid chasing instant gratification and controlling impulse buying can be much easier. What are some tips to avoid impulse buying?

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10 signs that you are living beyond your means

Living beyond your means is usually one of the first signs indicating the worrisome nature of your long term finances. It can eventually lead to a downward spiral of debt and debt repayment. Yet it is not common. One of the many reasons for this is not even realizing that you are actually living beyond your means.What are some signs that you are living beyond your means?

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The financial independence mindset

There are many people who make lot of money and can be potentially financially independent in future, but they don’t. Conversely, there are many people who may not be making much money but can potentially be closer to financial independence in few years. They may or may not get there. But they can at least be on that path. What differentiates the both? Arguably it is the starting point – the mindset – the financial independence mindset.

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5 money saving habits that can actually prove costly

Saving money is difficult. It requires a certain degree of self control and ability to delay gratification. There are lot of money saving hacks you can find from all around. A casual google search can reveal  hundreds of such hacks.  Lot of them can actually help you save a decent amount of money. Yet, there […]

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