Personal Finance

6 Money Lessons To Avoid Being Broke

Nobody ever wakes up one morning and thinks, “I want to be broke.” A hefty loan here, a bad investment there, and a long credit card statement later – you have no idea how you landed in this state. You are living paycheck to paycheck without savings intact. What can you do to turn the tide? Start by reading this article and applying these lessons into your life. #1: THE POWER OF SETTING CLEAR FINANCIAL GOALS Goals mark your direction

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Personal Finance

Make A Personal Budget In 6 Easy Steps

A personal budget is a financial summary that tracks your income and expenses for a certain period, which is typically a month. The word “budget” is often associated with limited spending, but a budget does not have to be restrictive to be effective. Having a personal budget that you can review on a regular basis enables you to prevent overspending. Start with these six simple steps. #1: GATHER ALL YOUR FINANCIAL STATEMENTS Get a bird’s-eye view of your financial situation

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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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