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
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.
There is a price for borrowing money. Aside from the annual membership fee, one of the most important things that you should consider is the interest. This is how the credit card issuer earns money. Understanding the different credits and debits that go in and out of your credit card statement is one of the skills that you need to be able to use your card wisely. Don’t just swipe, understand how your credit card works.
Credit card issuers put credit limits on your credit card for a good reason. The limits are there to benefit both you and the credit card issuer. The amount is set in such a way that it is easy for both parties to manage the credit. Your limits are normally based on your capacity to pay. Being consciously aware of these limits will help you be able to utilize your credit card well.
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.Read More »
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 »
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.