As with so many aspects in our busy lives, it's easy to put things off for another day. This is the case with many people when it comes to financial planning.
But each day you let pass by means that your future financial security is at risk.
So if you haven't done any financial planning yet, where should you start? It's easier than you might think.
Read on to find out more…
How to... ››› more
Financial planning is an essential part of being an adult.
You need to take time to plan for your future. That includes achieving financial goals and ensuring you prepare for your retirement.
But when it comes to financial planning, where should you start?
After all, there are so many aspects to think of like drawing up a Will, working out how you're going to achieve your financial goals ... ››› more
In your thirties, you get to experience life at its fullest. This is one of the best decades of your life, as it is now that you are likely to start a family, advance in your career, and find your purpose in life.
How you manage your money in your 30s will greatly impact your entire financial future. That's why you need to treat financial planning in your thirties with the utmost seriousness.
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Are you still struggling to get rid of debt? Is your financial future in jeopardy? Then it's time for a change.
Unless you choose to change your bad spending habits and become more disciplined when it comes to your finances, you'll never be able to get out debt.
The problem with debt can be a never-ending one if you don't take the necessary measures to stop it.
Here are some effortless wa... ››› more
Are you trying to regain control of your finances but to no avail? It might have something to do with the debt you have gotten yourself into. If you're buried in debt, it can seem practically impossible to put your finances in order.
The first thing you need to do if you want to have any chance of getting rid of debt for good is to change your attitude towards saving.
Here are five ways to c... ››› more
I recently sat down with a family friend, W, that's nearing retirement. He has 12 years to go.
W will pay off his house by the end of this year.
Both his and his wife's cars are paid off.
But W doesn't have ANY provision made for retirement.
As we sat and discussed his options I realised W had to ask himself ONE question before we could continue - and this question would turn out to a R1... ››› more
We have an ongoing and oftentimes troublesome relationship with money. We can't live without it, we never seem to have enough, and when we do have it, we can't manage to save it.
How is your relationship with money? It may be toxic if it shows the following signs…
1. You’re obsessed with it
Obsessions are never healthy. If you’re obsessed with money, you feel that you never have e... ››› more
Are you struggling to save more money each month, but never seem to get it right? In a world that is obsessed with consumption, where we are constantly encouraged to spend more, it can be quite difficult to save.
You need quite a lot of self-discipline and motivation to get into the habit of saving. After all, everywhere you look, you are told that you should buy more things. Many people consid... ››› more
Most people have trouble managing their finances. They don't know where to begin, how to save, in which areas to reduce expenses. Establishing a budget and sticking to it doesn't mean that all your money problems are over. There are many other aspects to consider when it comes to properly managing your finances.
Managing your finances takes effort and discipline. Here are five tips to get you st... ››› more
We're told that we should learn how to properly manage our finances. Staying organized is a crucial ingredient to achieving financial freedom.
Becoming and staying organized is much easier today than it used to be, because now we have many online tools and mobile tools that help us achieve our financial goals.
Here are four easy ways to organize and stay on top of your finances.
1. Set ... ››› more
From early adulthood until retirement, you go through different stages in your financial life.
It can be very useful to pinpoint where you are in your financial life. It can help you to make investment decisions and work out where you're going with your finances.
So what are the different financial stages?
Let's take a closer look…
The three stages that make up your financial life... ››› more
Speak to the majority of people and they'll want to become wealthy. Wealth brings with it independence.
Wealth frees you from many problems that can affect your life. And having money gives you a certain amount of power with it.
But it's not all rosy being wealthy. It also comes with several downsides.
Let's take a closer look at some of these...
Wealthy pitfall #1: It can be hard ... ››› more
If you're like most people, you lack advanced financial planning skills. You've learned the basics of money management on your own. Or perhaps you've never even given money management much thought until now.
Whatever your age, you must understand that your current financial situation depends on the choices you have made in the past, just like your future situation depends on the choices you are... ››› more
Saving money isn't easy. Most of us dread the idea of saving money; we would much rather spend it. If we're not careful enough, though, we could end up moneyless in case of an emergency or every time an unexpected expense comes up.
All of us make mistakes when it comes to managing our finances and most of us don't save nearly enough as we should.
Here are five possible reasons why you’re no... ››› more
When you get your first job, you may be tempted to spend your first salary within the first two days. Without proper financial planning knowledge and if you're not careful, you can go on living from paycheck to paycheck for the rest of your life.
If you want to gain financial freedom and never deal with money-related stress, learn the basics of money management right now.
Money management tip... ››› more
When you're young and you start earning a decent salary, you're likely to focus on ways to spend that money and forget about saving altogether.
Financial planning doesn't come easy for most young people, but you have to start somewhere. And the sooner you start planning and saving for your future, the more relaxed and better off you will be.
If you’re just starting to get a steady income a... ››› more
If you find yourself buried in debt or if you've realized you are spending too much money each month and have decided to be more frugal, there are many smart ways to save more money.
I encourage you to consider saving more money each month, not only for your sake, but for your entire family's well-being.
Having a solid savings account will take off the pressure of coming up with quick cash in... ››› more
Are you still struggling to pay off your credit card debt?
Are you implementing sound financial planning strategies or are you just going with the flow? Because the way you handle your credit card debt could change your financial future.
Instead of stressing out and getting into even more debt, calm yourself down and use these simple strategies to get rid of credit card debt for good.
T... ››› more
When you turn 30, your world turns upside down. You are no longer in your twenties and you feel like you are too old, too soon.
But being in your 30s isn't bad at all. It's actually a time when you can invest in your future and plan wisely ahead.
If you haven’t given financial planning much thought in your twenties, now is the time to consider your options more seriously. Now is the time t... ››› more
Learning how to properly manage your finances early on can bring significant benefits in the long run. The sooner you start saving for future, the better off you will be and the more comfortable you will feel.
It's not enough to make money, you also need to know how to properly manage it.
If you want to stay on top of your finances, here are five tips that will save you a lot of money probl... ››› more
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