Savings

Practice One Virtue That Can Definitely Increase Your Savings

As the Japanese Proverb once scribed: “Money grows on the tree of patience.” Yes! One virtue, practiced religiously, that can definitely increase your savings and even increase the odds of success is none other than: Patience. Why is that so? 1. PATIENCE BOOSTS YOUR DISCIPLINE Applying patience to overcome instant gratification is important in financial success. If you are an impulsive over-spender, establish a waiting day rule of at least 30 days on any purchases. The new items you have been

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Personal Finance

Psychology of Spenders And Savers

There are two types of people in the world: those who spend and those who save. SPENDERS Compulsive spenders do not want to delay gratification. If they want something, they will purchase it right away…as long as they are happy. It worked so well in the past, so they stick to the same habit. But, when expenses and debts extremely increase then, it is the time they realize that they need to kick that habit away. Here are 3 ways

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Savings

How to Keep Track of Your Personal Finances

How to keep track of your personal expenses

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

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Lifestyle & Hobbies

8 Excuses Young People Use To Justify Their Spending

Admit it…when you are about to make a remorseful purchase, you will rationalize your spending with a whole lot of things. Oh how lovely it feels when you’ve refreshed your whole wardrobe! But, it may not be wise for your finances in the long run. From being stressed to needing to look good for a special occasion, here are 8 Excuses Young People Use To Justify Their (Unnecessary) Spending… 1. I HAD THE WORST DAY. I DESERVE THIS. Isn’t it

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