Completing an Annual Financial Checkup Completing an annual financial checkup is akin to giving your finances a health check. It involves a comprehensive assessment of your financial situation – ensuring it’s in good shape and helping you plan for a financially secure future. Here’s a detailed breakdown of the steps involved. Start by going through…
Imagine a simple world where we don’t have to worry about our future. We work our entire lives and the government simply sets a magical age for retirement. We get loads of pension money as our reward. While this is a novel idea, it doesn’t sit well with our leaders for many reasons. Costly Idea!…
There’s an old joke about the drunken sailor who was asked if he had a financial plan. Well, sure he said “I spend a third of my money on women, a third on drinking and the other third I spend foolishly”. While it’s meant to be a joke, unfortunately it describes how many people are…
Which of these financial plans best describes your lifestyle? Before we talk about your financial-lifestyle management type, we should first establish your goals and ambitions. If you don’t know where you want to be in 5, 10, 20 or 50 years, how can you possibly know if you are working towards it? If money was…
When we use cash to purchase items, we tend to be a little more cautious with our spending. There is a process to completing a cash transaction and it takes time. It forces us to look at those paper bills and really think about how much we’re spending. Study after study proves that cash spending…
Are you drowning in debt and eager to break free? You’re not alone. Countless individuals have successfully reached financial freedom by adopting practical strategies. Check out the following actionable steps that can help you pay off debt efficiently and make your life debt free. Face Your Debt Head-On First things first, confront your debt. List…
Imagine owning a machine that creates money and provides you with an income forever. This machine would be perfectly legal. I’m not talking about printing counterfeit money or stealing. The trick is to save enough money to allow you to live off the money it can earn. Money Earns Money You see, the greatest miracle…
When it comes to managing our finances, it’s easy to get caught up in the day-to-day expenses and forget to look at the bigger picture. But here’s a thought-provoking question: What changes can you make today that will have a lasting effect on your financial situation? Let’s explore practical steps to set long-term financial goals…
Follow some or all of the ten suggestions below to start your financial new year off right! You’ll be amazed at how much these little ideas can save you in a year. Meal Plan Planning meals not only curbs impromptu pizza deliveries but also cuts down on food waste. Make a list, stick to it,…
The Benefits of Living Sensibley: How to Save Money and Live Modestly Without Compromising Your Lifestyle Living sensibly is not just about tightening your belt; it’s a practical approach to managing your finances wisely. While there may be times when living frugally is necessary, it’s important to view it as a tool rather than a…