Tips to Manage Family Finances
Unexpected expenses are the bane of a young household. Young families face their unique challenges. Below are 8 tips for managing your family finances that can help you reduce some financial stress in the long run. They’re simple, but sometimes applying the simplest changes to your lifestyle can make a large and positive difference to […]
10 Financial Tips that can help you survive a Job Loss
Losing your job is a nightmare. It may seem diffcult to recover from such a bizarre occurrence. In a challenging phase such as this, it’s imperative that you pick yourself up, dust yourself off and start working on a plan that minimises your financial stress. This process will lend some stability to your life and free up […]
Financial Wellness during COVID
Adopting financial discipline The stock market, bond market and other financial markets have come down heavy under the hammer of coronavirus. Companies have begun the painful process of layoffs and pay cuts. Demand has been hit, due to consumer sentiment being hit. Global supply chains have seen major disruptions. In short, the whole world is […]
10 Tips for Dealing with Financial Stress after a Job Loss
In the past couple of years, many of us have watched colleagues, friends, and even family members grapple with the loss of their job or face a substantial pay cut. For many of us, it has driven home the fact that even seemingly secure jobs might vanish overnight. But even if one’s monthly income were […]
10 Habits for Successful Financial Planning
Achieving financial freedom is a goal for many people. It generally means having enough savings, investments, and cash on hand to afford the lifestyle you want for yourself and your family and a growing nest egg that will allow you to retire or pursue the career you want without being driven by earning a certain […]
Financial Tips for Single Women
Financial management becomes easier when there’s a team (for example, a married couple) involved. This is because often the responsibilities are shared between spouses, which make expenses and savings, both, easier to manage. However, for single individuals, rather single women, financial management can become a very tedious task. The goals of these single women don’t […]
Buy Now Pay Later (BNPL)
‘Buy Now, Pay Later’ (BNPL) offers seem to be the flavour of the season as many e-commerce, banks and retailers have lined up such schemes for the upcoming festive season. A large number of borrowers can now enjoy the short-term credit offered through BNPL even without a credit history. The BNPL payment scheme is the […]
Top 12 Financial Tips for College Students
If you are on the verge of graduating from college or you have recently graduated, congratulations! For many young adults, college graduation marks a major transition into adulthood and the world of post-graduate employment. It also guides in a new phase of personal finance. Now that you’re in college, it’s likely that you are in […]
Financial Leverage
Financial leverage is the use of borrowed money (debt) to finance the purchase of assets with the expectation that the income or capital gain from the new asset will exceed the cost of borrowing. In most cases, the provider of the debt will put a limit on how much risk it is ready to take and indicate a […]
What is Emotional Spending?
The buying factors that affect our (emotional) purchase decisions are highly personal such as love, sentiment, envy, pride, entertainment, and vanity. We will talk more about this later. In an emotional purchase, the real need does not necessarily come into play in the first place. The emotions come from external sources, like influencers, that create […]