Often enough, we find ourselves getting caught up with unpaid bills and empty wallets in the blink of an eye. We ask ourselves, “Where did all the money go?” We scramble to track back the cash outflow from our bank statements, collating the many receipts we could find stuffed in our wallets, and rack our brains to think back on where the majority of our money was splurged to. The next moment, we spot something we desire and spend the
Living barely within your income is not a laughing matter. When you are living paycheck to paycheck, you live a life of constant stress, worry, and dread that you might be stuck in an unfortunate debt. It is a struggle to gain control of your money and your commitments. So, here are 3 Simple Tips To Stop Living From Paycheck to Paycheck… 1. CREATE A SYSTEMATIC FINANCIAL OPERATING SYSTEM In order to cease your worries, a huge turnover can be
When you are young, in your 20s or 30s, retirement feels like a looooong way ahead. Typically in your 20s, the only person you have to spend for is yourself. In your 30s, you will have new financial priorities such as the wedding, child’s schooling, house loans, etc. If you consider all the aspects of your finances and fast-paced life today however, you will realize that it is the best time to start saving for retirement before you hit 35.
Some people struggle to make ends meet while others succeed in their finances. Have you ever wondered why? The answer may be a combination of different factors that play a significant role and one of them is repeated behavior. An individual’s repeated behaviors or habits are learned from young and affects the person’s decisions in the long run. So, understanding the value of money and being taught at an early age to save your allowance, watch your spending, and note
According to DEBTSteps.com, envelope budgeting or envelope system is a popular way of maintaining a budget. It starts by storing the cash into separate categories of household expenses that are allocated in separate envelopes. 1. TRACK YOUR LAST MONTH’S SPENDING PATTERNS One of the first steps that you have to take is to analyze your spending patterns, variable expenses and fixed expenses (i.e., monthly electric bills). Fixed expenses remain the same every month (e.g. Hand Phone Plan, or HDB Rent).