The Season To Spend
This month of December though it is a month of celebration seems to be a hectic month for most people. It is very stressful at times to do the Christmas shopping. So many gifts to buy, so little time and so little money.
This is also a time when many people overspent and gives the excuse […]
Neither A Lender Or A Borrower Be
“Neither A Lender Or A Borrower Be”, Shakespeare coined those immortal words in Hamlet.
Should you lend money to a friend or relative? The short and direct answer is no. But in truth when a close relative or friend hits you with a loan, it is very very difficult to say no.
Bear in mind though if […]
A Well Balanced Budget
Do you know what will give you greater financial freedom? You have to have control over your money.
This may sound simple but it is one of those things which are easier said than done.
Here are four tips on how you can achieve a balanced budget.
1. Create A Budget
It is imperative that you create a budget […]
Five Laws Of Gold
Following from the Seven Cures For A Lean Purse covered previously there is another well known classic called Five Laws of Gold. George Samueal Clason book The Richest Man In Babylon contains fictitious tales of ageless truths revolving around thrift and sensible guidelines for investing. Another one of them is Clason’s Five Laws Of Gold, […]
Seven Cures For A Lean Purse
In the book The Richest Man In Babylon, a financial inspirational classic by George Samueal Clason there are a series of Babylonian parables about thrift and sound investment principles. Two of the well known principles are from the book are Seven Cures For A Lean Purse and Five Laws of Gold.
In the Seven Cures For […]
Keeping Up With The Joneses
There has always been this preoccupation in every society to keep up with the Joneses. If our friends or neighbors have a new sofa set, we must get one too. If they get a new plasma television we must get one too.
This obsession to be equal or one better than our neighbor often times only […]
How Do You Eat An Elephant?
Remember the old riddle -
Question: How do you eat an elephant?
Answer: You cut it into small pieces and eat one piece at a time.
Though it is a riddle, There is a very strong and vital lesson that we can learn from it. Any big task will seem small if you break it into pieces and […]
Paying Bills With Pleasure
This must seem like an odd title for an article, as how could someone find pleasure in paying bills. For most people paying bills is one of the most dreaded things that one can encounter. That is why most people let their bills pile up. Delaying paying the bill and juggling expenses is the norm […]
The $5 Principle
I have actually found a new way to save more money, without much pain and it takes little effort. This I must add is in addition to my normal way of saving (which is 10% of my salary) under the concept that I have written earlier in the article “Pay Yourself First”.
I call this the […]
Saving For Emergency, Forget It
Most financial advisers say that you must first save for an emergency fund of about three months of your monthly pay. Save for a rainy day. Put it in an account where it is easily accessible. This is for in the event that you lose a job or have an unexpected emergency.
The question that always […]