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
Every single Forex trader out there wants to be profitable, the most basic measure of which comes in the form of net profits and losses.
And so, it's common to see traders not pay attention to their break-even trades.
What many traders don't realise though is that there's more to break-even trades than just the zeroes they register in their trading journals.
Before we get ahead of ou... ››› 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
If you're getting closer to retirement and trying to catch up on your savings, there's no better time to take action than now.
Saving for retirement doesn't have to be complicated. We complicate things by procrastinating, not saving enough, and not taking action.
If we started saving 10 to 15 percent of our monthly income for retirement in our 20s, we would be able to retire comfortably, wit... ››› more
It doesn't matter if you're employed, a business owner, retired - whatever - your CAN become a Better part time trader, and supplement your income from the markets.
But don't fool yourself: trading won't replace your income quickly. Earning money fast doesn't happen often. You must understand that trading isn't a get rich quick activity; in fact, nothing in life is that easy.
Sure you can... ››› 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
Do you notice that more often than not, you probably had the good advice on how to prevent your trading losses before you made them?
But for some reason you just keep ignoring it - and you keep making the same mistakes to the detriment of your trading account.
Today I'm going to re-iterate the four trading tips the novice traders make the fatal mistake of ignoring.
1. Adjust your expecta... ››› more
The ease of installing indicators and expert advisors in Metatrader 4 is one of the main reasons why the platform is so popular. Metatrader also comes with its own automated trading and indicator creator, Metaeditor. Metaeditor can be used for making your own indicators and EA's, as well as editing existing files.
Now, let me show you how to install custom indicators on Metatrader 4
Th... ››› more
Another set of fireworks could be coming your way when the U.S. releases its employment report on Friday.
You see, the U.S. jobs market was expected to get back on its feet after hitting a “soft patch” in July, but the non-farm payrolls (NFP) report for that month - which measures unemployment rates accross the U.S. workforce - posted a disappointing 209,000 increase in hiring, much less th... ››› more
If you're approaching retirement and still haven't started investing in your nest egg, don't be alarmed. You can still catch up and save enough money to live comfortably during retirement, as long as you take this process seriously and start saving now.
If you need help catching up on your retirement savings, here are four ways to grow your nest egg starting now.
1. Start saving now
Not ... ››› more
I want to tell you about the day I started believing in the stock market.
I have a friend who I'm lucky to consider one of my mentors; he used to tell me all the same things I'm telling you now. Buy assets, get into the market, save, even just a little bit and invest conservatively.
Those were good tips but I didn't see a reason for it. You can have all benefits to something but until you ha... ››› more
Changing your lifestyle and embracing a “greener” way of living can benefit you in many ways. It not only saves the planet, but it also reduces your spending and helps you save more each month.
By implementing some simple changes into your daily life, you can save more money and help the planet at the same time.
Here are five simple ways to save by living a green life.
1. Use less wa... ››› more
If you think that being debt-free is an impossible target to reach, think again. Anyone can learn how to save more money, keep a budget, and live within their means.
Living on a budget requires discipline, but it's worth the effort. At the end of the month, when you spend less than you earn, have paid up all your debts, and have also managed to save a decent amount, you will be much happier th... ››› more
By now, you should probably be saving as much as you can for retirement. If you aren't already, you should be taking advantage of your employer's contribution fund.
And, if your employer doesn't offer this, then you should be planning for your retirement yourself.
To plan correctly, you need to have some knowledge of the retirement industry.
So, here are some surprising facts about ret... ››› more
Over the last couple of months, the oil price has been trending lower. This is in spite of various geopolitical events.
So why is the oil price not responding higher as you might expect? How can you benefit from a tumbling oil price? And are there any disadvantages to a lower oil price?
Let's take a closer look at what's going on with the oil price…
Why the oil price is easing
Jus... ››› more
When it comes to your child's future, you can never be too well prepared.
You may need to save more or less for your child's education, depending on where you want to send him off to school.
Although you may think that you can't afford to save for your child's education, it doesn't have to be that difficult. The most important thing is to start saving as early as possible.
With the risin... ››› more
Sometimes it can seem like money is scarce and you can never get around to putting any aside. However, the habit of saving money on a regular basis will help you achieve great things in life.
It's so easy to spend money, but so difficult to save it. Sticking to a budget and living within your means are crucial when you're trying to save money.
Why should you start saving money? If you don't ... ››› more
If you are buried deep down in debt, you are probably considering debt consolidation as a viable option.
With debt consolidation, you can pay off your existing smaller loans using a larger single loan.
A debt consolidation loan can seem like a dream come true, but that may not always be the case.
Let’s take a look at the pros and cons of debt consolidation.
Pros of debt consolidat... ››› more
Take a closer look into your phone and your iPad, look under the hood of every hybrid car, into the lenses of every digital camera or into the heart of a medical wonder…
Each of these technologies has changed the way we work and the way we live and they all have one thing in common, Technology Metals.
What are Tech Metals and what do they do?
Technology Metals are a set of 17 ... ››› more
If you're having trouble paying off your debt and can't seem to take control of your finances, then you need to take action as quickly as possible.
The first thing you should do is prioritize your debts and try to pay off the largest ones first.
Make it a priority to pay off the most important debts first, such as your mortgage, rent, bills, income tax, VAT, and any secured loans.
Then,... ››› more
Disclaimer FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found on this website.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this website.