Personal Finance is important, not just for right now but for taking control of your future, being prepared for the unexpected, and gaining overall peace of mind. Hiding behind debt or diving into loans will only postpone the problem but having a few helpful tools and resources will make your finances less of a daunting chore.
First of all…
Don’t be discouraged. Everyone takes time to organise their personal finance whether they seem like they do or not. It is important to keep an eye on your money and where it is going. When you have better knowledge of your financial habits you can begin to make your money work for you…
In this guide, you can find a brief overview of everything you will need to know to get a handle on your money. Before we start.
Who is this post for? Anyone trying to …
Maximise their freedom and fun
Enjoy adulthood whilst securing your future
Balance disposable income and household expenses
Manage your salary and create a sustainable lifestyle
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Reduce your Spending
Increase your Savings
Decreasing Debt
Planning and Achieving Your Finance Goals
Where to start? It seems a little backward but if you want more you should start with less…
What is Living Below Your Means and Why Does it Matter?
It is a great mindset to have when it comes to your behavior and attitude towards your money and how you approach spending.
It is vital to know because if you don’t learn how to live with less, you will never be satisfied by how much money you make. Your mind will always be on the next big thing instead of being satisfied with what you already have.
You must learn to spend less so you can save more and then take steps into making your money work for you…
Personally living below your means can free some money which you can use however you would like, perhaps you could save, build an emergency fund, put it away for a bigger purchase, plan for retirement?
Want to Learn More? Click Here
Increase your knowledge with 11 Personal Finance Terms you need to know
Profit, Dividend, disposable income? Know what a credit score is?
Here is a post that covers some basic personal finances terms that you may come across…
Increase your Savings
Saving money isn’t about one huge life-changing decision that will suddenly reverse the flow of your finances. It’s about small choices and little changes that make a big difference in the long run.
With these helpful tips, you can equip yourself with the tools needed to turn a corner on your finances. Learn more here
Six Helpful Tips for Managing Debt
Do you have plans for your money outside of paying off debts? Is high-interest debt stopping you from achieving your financial goals?
High-interest debt is like being in a hole that is digging itself into a deeper hole through no fault of your own. Though being in debt will not stop you from having savings or investing, the high interest you are paying alongside the debt you owe can do you and your finances more harm than good.
Interested in more monthly saving guides? Click Here
Little known fact: Everyone has debt whether it is personal, consumer, business, or even a home loan. Don’t be ashamed of your debt instead take steps to manage it and eventually eliminate it
Planning and Achieving Finance Goals
Do you want to clean up your finances but don’t know how? Are you tired of living paycheck to paycheck? Or having only a small amount of savings and no emergency fund? Are you planning for retirement?
You don’t have to be earning six figures to have a healthy financial portfolio. And meeting your financial goals doesn’t have to be difficult and time-consuming.
Here you can learn how to prioritise your financial goals and take proactive steps to create the lifestyle you’d like and enjoy.
Go here to find out more: Creating Impactful Finance Goals
Before You Go!
10 things you probably didn’t know about personal finance
You’ve probably heard enough personal finance metaphors to fill a library. You’ve been told to picture a mountain, or a jar or anything that would help you with your money problems. But in reality the solution to your personal finance problems is much closer than you think.
Read More Here
5 convincing reasons to start a savings plan
Whether you’re trying to set up your first savings account or are just looking for ways to save more money, this article will help with some ideas on how to start saving now and reap the benefits later.
Read More Here
7 Unconventional ways to save money
Saving money isnt about one huge life changing decision that will suddenly reverse the flow of your finances. It’s about small choices, and little changes that make a big difference in the long run.
Read More Here
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