Why You Should Set Fun Money in Your Budget

It is important to track our spending and know where our money goes to so we know how to adjust our budget. Sticking to a budget takes a lot of discipline and determination but it will help us reach our financial goals faster. With this description, budgeting may sound like a dreary process. With mostly people’s budget going to expenses, is there a more rewarding way to budget our money? Actually, there is!

While most of our income goes to our living expenses, we should also make a budget for fun and play. A fun or play fund is what you use to indulge in things that you enjoy or purchases that you do on impulse without ruining your budget for the important things. There are important reasons why we should include this in our monthly budget.

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5 Ways to Improve Your Financial Literacy

Money is involved in almost everything we do in our daily lives. We work at our 9-to-5 jobs to earn money because we have so many things to spend it on. Most of us barely get by on our monthly income, making it seem like we are working for money instead of making our money work for us.

This is why financial literacy is important. Learning about money and understanding how you can make it work for you, instead of the other way around, will help you reach your financial goals quicker.

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Personal Finance Lessons You Wish You Had Learned in School Part 2

How are you doing with your finances? Do you consider yourself  financially stable? If you do, then good for you. If not, you are not alone. Most people are having problems with money because only a few are financially literate. Most of us have to learn financial lessons the hard way. Just imagine all the things that you could have done differently if only you know a thing or two on personal finance.

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Personal Finance Lessons You Wish You Had Learned in School – Part I

Did you know that the number one cause of stress is money? According to several studies, more people worry about money compared to health, family, work or relationships. This is true regardless of age, citizenship, gender or educational attainment. Although financial stress is expected among low income families, it is puzzling to note that even high income households and highly-skilled professionals still do worry about money. A diploma on a prestigious university is never a guarantee of wealth.

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How to Cope with Inflation

You cannot stop inflation from happening. Prices of goods and services will go up. It is all part of the economic cycle. For as long as you are a consumer, you need to start caring about inflation because it will affect you whether you like it or not. No one is exempted from the pain of having to go through the rising prices of goods and services, wherever you are in the world. The good news is that there are some things that you can do to protect yourself from inflation

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Why You Should Care About Inflation?

You often hear about inflation on TV or read about it in newspapers. However, chances are you don’t really understand what it is all about. Even if you did study economics in college, you would have already forgotten about it. Who cares! You are just too happy to finally have gotten over the course.  After all, economics has been constantly voted as one of the most boring subjects ever created.

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Common Sense Financial Advice That People Don’t Follow

Money has always been a top source of stress for most people.  If not addressed, debt and worrying about money can lead to serious physical, emotional and even relationship problems.

How to solve money problems then?  There are tons of financial advice that people probably already heard or read about.  In fact, most of these advices are simply common sense yet one the greatest mysteries about life is that no one really follows them.  It looks so easy to do but for most people, it is very difficult to follow.Read More »

Do you Consider Yourself Successful?

Society has defined success as the attainment of wealth, status and fame. Do you agree with this definition? Using this definition, persons like a CEO of a company, a multi-millionaire, a head of state and a popular actor are all considered successful. But how about a housewife? A skilled carpenter? A public school teacher? Do you still consider these people successful? How about yourself? How do you see yourself? Do you qualify under society’s definition of a “successful” person?

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Advice from The Richest Man in Babylon

You have been working very hard all your life. Yet, you found yourself in the same financial situation over and over again. Your income is barely enough to cover your basic needs. You are trapped in the rat race. You often wonder, what is it that you have been doing wrong? How come there are some people who are getting richer and richer by the day while you who had been working very hard is getting nowhere?

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