A credit card is a very handy tool. You can make purchases without the hassle of bringing too much cash with you. However, it can also be a very dangerous tool. If you don’t know how to handle your finances, you might end up in tremendous debt later on. So, before you apply for one or another one for that matter, make sure to check out first if having a credit card is good or bad for you.
Do you have difficulty starting on a budget? Or if you have already prepared your budget, are you having difficulty sticking to it? Perhaps you are plagued by one or more of the common reasons why a budget is not working for you. Good news is, there’s a way to fix them.
Putting your money on a low interest savings account is not such a good idea especially if you have big financial goals such as buying a house, sending your kids to college or saving for retirement. The only way to get more money is to make your money work for you by investing it. Investments will generate more money for you in the future through interests and price appreciation. In other words, you invest to create wealth. Continue reading Why You Should Invest in the Stock Market
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. Continue reading Common Sense Financial Advice That People Don’t Follow
You are tired of working for money. You have finally decided to slowly build your wealth through passive income and let money work for you. The question now is are you ready to invest?
Understanding basic money terms should be your first step towards financial literacy. It would be very difficult to start learning financial literacy, much more overhaul your financial life without understanding the basics. Just like reading for example, you won’t be able to learn how to read without knowing the alphabet.
Spending wisely is all about being smart on what you buy with your hard earned money. Majority of people tend to splurge on things they don’t need because of FOMO or the fear of missing out. They want to keep up with everyone else or they simply want to impress other people. Others simply fall prey to expert marketers who were able to convince consumers in buying stuffs that they don’t need.
It is acceptable to splurge on things that you like every now and then especially if you have the means to do so. However, it is not right if you fall heavily into debt by doing so. The last thing that you want is to end up selling the things that you need later on.