Personal Finance

Different Ways To Define Financial Independence

Whether you call it Financial Independence or Financial Freedom, the first step to achieving autonomy is by defining it. If you Google this term, you will find that there is an abundance of definitions available. However, let us focus on these four: 1. BY CASH FLOW The most common definition of Financial Independence relates to cash flow. Many experts accept the idea that it is the “state of having sufficient personal wealth to live, without having to work actively for

Read More...

Personal Finance

How To Effectively Send Money From Singapore To Overseas

Whether you are a concerned parent who needs to send money to your Singaporean child abroad or an honorable foreign worker who needs to send money back home, you must employ some strategies to remit. The act of sending funds is called remittance. Remittance service involves the transfer of money to an individual that is a resident of another country or an individual that is temporarily staying outside of Singapore. To remit funds effectively, you must choose an appropriate type

Read More...

Marriage & Family

Married With Benefits: 6 Financial Advantages Of Matrimony

Just as much as money crumbles relationships apart, it can also bring two people together. As you settle down to the married life, here are some of the financial benefits matrimony can bring: 1. CHEAPER HOME EXPENSES It takes no doctorate degree to realize that it is cheaper for two people to live together than to live apart. When living together, you are consolidating a singular mortgage or rent expenses. Not to mention, married couples enjoy the advantage of sharing

Read More...

Personal Finance

What Is Financial Well-Being And How Does One Boost It?

Early this year, the U.S. Consumer Financial Protection Bureau conducted a study on 59 consumers as well as 30 professionals to define what financial well-being actually is. Through their in-depth interviews they found that your income does not matter; consumers can experience financial well-being or the lack of it because it is highly personal. Therefore, financial well-being is defined as having financial freedom of choice and financial security in the present and in the future. FACTORS THAT INFLUENCE THE FINANCIAL WELL-BEING

Read More...

Personal Finance

Newbie’s Guide To Financial Planning

Picture a curve going up. This is your lifetime money curve. Every decision you make affects the direction of your curve. For example, once you earn money from your first job then, the money curve will go up higher. But living in reality, your money curve are exposed in certain financial pressures such as taxes and bank fees, which, will push the money curve direction down. The good news is that, with a strategic plan that evaluates the potential pressures,

Read More...