Personal finance management is a critical life skill, yet it’s often overlooked in educational curriculums and everyday conversation. In the journey towards financial independence and stability, developing a set of core personal finance skills is a crucial first step. For those committed to improving their financial health, here are nine essential personal finance skills to …
Understanding your net worth helps you better understand your financial situation. These critical insights can guide future decisions and ultimately help you to increase your net worth over time. While net worth doesn’t define who you are as a person, it is a key piece of information that can help you make better financial decisions. …
Net Worth Explained: How to Calculate and Grow Your Net Worth Read More »
Managing your finances effectively is an important skill that can ensure a prosperous future. Regardless of your background or current situation, it’s never too late to take control of your financial well-being. If you are eager to put yourself in a better financial position, here are five practical tips to follow to improve your financial …
5 Ways to Improve Your Financial Health This Year Read More »
Carrying debt can make life hard. Big monthly debt payments can gobble up your income and leave you with little left over. What’s more, carrying debt makes it tough to save money for the future, qualify for credit and loans, or have something for a rainy day. Unfortunately, many people carry debt, and it’s getting …
When it comes to spring cleaning, most of us think about that garage clutter or the garden’s overrun corner. And while traditional ‘spring cleaning’ activities such as these are essential, we shouldn’t forget about the part of our lives that can always do with some extra attention: our finances. So often, this is quite daunting …
Your wedding is a life-defining event. Few other moments may be as memorable and well-attended as your wedding, so it’s common to run up some costs around the occasion. In this current economic climate, however, budgets are tight, and for many people, a budget-friendly wedding is the only option. Fortunately, weddings don’t need to break …
Understanding Wedding Costs & How to Plan on a Budget Read More »
For most of us, leisure and recreation are “wants” more than “needs”, especially in the challenging economic times we’re all experiencing. As a result, the importance of entertainment for enjoyment, relaxation, and recharging your batteries is more critical than ever. The solution is to ensure you understand how to finance your recreation and leisure activities. …
How to Finance Recreation and Leisure Activities Read More »
Your financial goals are the targets you aim to achieve over a set period with your money. Your plans for your finances can be short-term, medium-term, or long-term. Even though it’s natural to feel lost or overwhelmed when considering your financial goals, remember that they are still achievable — as long as you were realistic …
How to Set Achievable Financial Goals (Yes, You Can) Read More »
Having a budget is essential for financial well-being. Understanding how much money is coming in versus how much you are spending can help you plan for the future while making sure you have enough to live on day-to-day. One of the biggest areas to pay attention to is how much you spend on “wants” versus …
How to Take Control of Your Budget: Wants v. Needs Read More »
Though an emergency savings fund is the ideal source of funds to tap when unexpected expenses arise, sometimes it’s necessary to look beyond your savings account for assistance when life throws you a curveball. There are many options to choose from when it comes to borrowing money, and some forms of borrowing offer advantages that …
