Personal Finance

4 Challenges of Budgeting in 2021

Stating that “2020 has been a tough year” is an understatement. Words cannot describe how much we have been affected by the past year. I, for one, was tasked to let go of employees due to financial constraints. It was not easy! It was one of the hardest decisions that I had to tackle because I have seen these people grow. Moreover, I felt responsible for their well-beings too. However, downsizing was essential for the company to survive. Our stories

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Personal Finance

Fundamental Rules Of Budgeting

As you gloss over the pages of old personal finance books, you will realize that they stress on the importance of creating a budget and sticking to it. Poof! All your financial problems will be solved in a snap. However, life is not as simple as that. Budgeting is the process of creating a financial plan based on your estimated revenue and expenses over a period. It is a complex task that takes your entire financial profile into account. It

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Lifestyle & Hobbies

Stop Buying These “Essentials”!

I have to be honest! Since the Circuit Breaker (CB) period started, I have been purchasing essentials (such as sanitary napkin and coffee) and non-essentials (such as make-up and jade roller) online. Online shopping prevents me from being exposed to the possible dangers of the coronavirus. However, I felt that its convenience can trap me. I had to become more aware of my spending patterns. I gave myself a maximum limit of twice a month to purchase my needs and

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Personal Finance

Creating A Budget During Extraordinary Times

With non-essential establishments on closure and the economic crisis we are under, how can you employ a system to arrange your cash-flow better? The answer is strict BUDGETING. A budget estimates your revenue and expenses over a period of time. By listing your sources of income beside your monthly expenditures, you will get an idea on where your money goes. This way, you can make smart financial choices and prioritize your obligations to reach your financial goals. Creating a budget

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Personal Finance

How To Budget Your Money Through Tough Times

Let us admit it! One of the biggest challenges that governments are facing right now is how to allocate their budget efficiently in order to fight the COVID-19. While some countries have pledged money to developing testing kits, some have spent money for community disinfecting drones. The measures that need to be taken in order to stop the spread of the virus such as closing offices and schools or shutting down factories and airlines can lead to some companies going

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