Personal Finance
Financial Freedom: 10 Helpful Ways to Achieve It
Who amongst us doesn’t want financial freedom? We all do, but are we all taking the proper steps towards it? Attaining financial freedom is a goal for many people, but unfortunately, not that many people manage to achieve it. The reality is, for most people, financial freedom doesn’t just come automatically. One needs to do careful planning and put efforts into improving their finances. We spend a lot of time planning for many things, such as our education, careers, marriages, and having kids, but sadly, many of us fail to make a practical plan to achieve our important financial goals, such as financial freedom. This post contains affiliate links, meaning…
How to Deal with Unplanned Expenses and the Stress that Comes with Them
With unplanned expenses come unwanted financial stress. Just 2 days ago, we brought home our new car. And while this is typically something you would be excited about, I just can’t seem to find any of that excitement within me. Why? I gave up the money I was saving for a better cause as a down payment for this car – to keep the monthly payment affordable. A few months ago, my husband’s car broke down (It was already 15 years old, and we usually drive our vehicles until they die or are no longer safe) and we had to sell that to avoid further stress. Since then he is…
9 Ways Downsizing Your Home Will Improve Your Life
When we hear of downsizing one’s home, empty-nesters often come to our minds. We think of couples whose children have grown up and left the home, and they find the expenses and maintenance of a larger home unnecessary and too much to deal with, so they choose to move into a smaller space. But the many benefits of downsizing can be equally enjoyed by people – even with younger kids – trying to simplify their life, free up their time, and improve their finances. Over time new single-family homes are getting bigger and more expensive everywhere. Yet many people feel that they don’t actually need all of that extra space…
Think Before You Spend: 12 Essential Questions to Ask Yourself Before Buying Anything New
If you’re trying to adopt minimalism and simple living, or working towards attaining financial freedom and accomplishing your long-term goals, you should be intentional with your money and always ask a few helpful questions to yourself before buying any new stuff and adding that to your material possession. So often we buy things thinking we “need” that, only to find out later that it’s not really something that we use often, or that we truly need. We waste a lot of money on mindless purchases, and thus, also collect clutter in our homes. While shopping, you should deliberately make sure that your motivation behind every purchase is to add…
7 Things You’ll Never Regret Spending Money On
We all enjoy spending money, but not everything we spend our hard-earned money on adds value to our lives or gives us long-term pleasures. While it can be easy for many to fall into the trap of overspending, what are some of the things that you should be spending money on and not have any purchase-regret later on? What are the things that will enrich your life, increase your self-confidence, and truly make you happy? By evaluating your values and priorities and determining what makes you happy, you will know what’s worth spending your money on. Too often, people assume the purpose of their money is to simply buy whatever they want at any…
How to Save Your First $1000 & Boost Your Savings
Saving your first $1000 can seem intimidating, and a lot of people don’t have $1000 in their savings accounts to cover a sudden, unplanned expense. Fewer than 4 in 10 Americans have enough money set aside to cover an unexpected $1000 expense, such as a trip to the ER or car repairs, according to a new survey by Bankrate. Having even $1000 saved in your emergency fund can get you out of many financial scrapes. Knowing you have this safety cushion between you and life will make you way less reliant on your next paycheck. Many financial experts say that saving your first $1000 will give you a head-start in…
