Personal Finance
The Top Financial Goals That Will Simplify Your Life
The simplicity of your life largely depends on how you organize and manage your finances. Without setting some serious financial goals and having a plan to achieve them, you can’t really simplify your life much. Since money impacts so many aspects of your life, having financial goals can help shape your future by influencing the actions you take today. Financial goals will help you change your mindset, your habits, and your life. Whether you want to pay off your debt, save up to buy your first home, build an emergency fund, or jump start your retirement savings, you should have your top financial goals chalked out so you can work…
Tax Refund: How to Make the Most of Your Extra Money
It’s February, and soon you’re getting a tax refund from Uncle Sam. According to the IRS, the average tax refund is $3,120, and most people receive the money within three weeks of filing their returns. That’s a nice chunk of extra money. While it may be tempting to buy a new car, splurge on latest gadgets, or upgrade your furniture or wardrobe, it’s a better idea to spend that money wisely so you can achieve financial freedom, enjoy peace of mind, improve your quality of life, and save more money in the long run. Much of your financial and mental well-being depends on how well you manage your money. Here are 11…
6 Kinds of Savings You Need to Boost Your Happiness
They say, “Money can’t buy you happiness”, but it can certainly buy you peace of mind and better physical and emotional health which can eventually boost your happiness. How? Money is a leading cause of stress and anxiety, and there is no arguing that. Our ever-changing financial situation worries us more than our work/job, family, and even our health. According to the American Psychological Association (APA), financial stress is the top cause of stress for Americans. And it’s a well-known fact that stress affects our health and well-being seriously, and is also believed to contribute to poor decision-making. But if you have the right kinds of savings that you need, you can…
11 Reasons for Your Overspending (And How to Stop That)
More and more Americans are living beyond their means. A recent study showed that 80% of Americans are caught up in the chains of debt. That’s a huge number! To build wealth and achieve financial security, you simply need to spend less than you earn. But so many people do just the opposite! If left unchecked, overspending can become one of the fastest ways for us to end up in a bad financial situation. Sadly, now-a-days it’s becoming easier and easier to fall into this terrible habit, and many of us are guilty of this. So, what drives us to spend too much? Let’s find out. You don’t have a budget You might be overspending…
25 Good Financial Habits for Budgeting, Saving, and Building Wealth
If you want to achieve financial freedom and security, you need to learn good money management skills, and that’s not possible if you don’t form some healthy financial habits to begin with. When it comes to personal finance, every decision you make, reinforces a financial habit. Your financial stability depends on whether those habits are good or bad. Habits can form without a person intending to develop them, but they can also be deliberately cultivated or eliminated — to better suit one’s personal goals. In this article, I’m going to cover 25 good financial habits that will help you improve your finances and build wealth. 25 Good Financial Habits to Improve Your Finances: This post contains affiliate links.…
Smart Ways Minimalism Saves You Money and Improves Your Finances
A lot of people don’t notice but the truth is minimalism saves you money even when saving money is not your top priority, simplifying your life is. Minimalism is a conscious lifestyle choice that focuses on reducing the clutter in your life both in material possessions and in other distractions. People who embrace it find ways to eliminate the distractions from their lives, and it opens up more opportunities for them in other areas. Embracing minimalism does not mean that you stop spending money on things. But it can mean that you spend your money – intentionally, on other meaningful things instead of unnecessary stuff, and your focus may change from…
