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?

Read More
Advertisements
Advertisements

Paying off debt versus investing money?

If you get some additional money in hand via a bonus or a pay raise – what should you do? Indulge yourself, pay off your debts/ loans, if any or invest? There are seldom any easy choices there – especially when it comes to paying off debt versus investing. And both may have their own merits and demerits!

Read More

7 habits of well paid yet broke people

Earning good money Рbe 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 Рalmost 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?

Read More

Common credit card mistakes you should avoid

Credit cards often receives lot of flak – partly because of humans using it. Yet it can be a very good tool to manage your finances. And it can also be a starting point for financial quicksand – which can manifest itself in form of unending and snowballing payments – thanks to the high interest rates they charge. However, you can avoid getting into this quicksand by avoiding some common credit card mistakes. What are some common credit card mistakes you should avoid?

Read More

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?

Read More

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?

Read More

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?

Read More

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?

Read More

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?

Read More

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.

Read More