It is right there, under your nose.
Every twentysomething should strive to master the art of investing. Additionally, they should start investing as soon as they can. However, there are times when investing is not the most strategic financial move to make. This article aims to elaborate on six events that needs to be dealt with first before investing his or her money.
The thought of encountering a major negative event that could affect your finances, such as a job loss, an illness, a car accident or a pandemic can keep anyone awake at night. However, the prospect of something expensive and beyond your control happening becomes less threatening if you’re properly prepared. If you are in the midst of a financial crisis, here are six things to do.
We live in a world where money is a constant issue. And yet, we neither take note of it or do something about it. Our education system is flawed; they teach people to be good workers but not good money handlers. So, when Covid-19 struck home, they are struggling to make ends meet after they have been laid off. If they had taken note of these financial wisdoms a long time ago, they could still survive comfortably while the world recovers from the crippling effects of the global pandemic. To all the future twentysomethings, read this before it is too late.
When we are living frugally, we tend to be very careful as to where and when we spend our money. This article attempts to challenge that idea by stating that we human beings need to splurge once in a while. Splurging, in general, is considered to be a nasty habit to pick up but not all splurging habits are the same. The key is to do so strategically. When we deeply believe that we will constantly use an item or and it will bring us a lifetime of benefits, that is when you should splurge. Find out more about when a little bit of strategic splurging is okay.
No one wants to spend their time thinking about worst-case scenarios. But if an emergency happens and you are not financially ready, the fallout is not just super stressful, but can have serious financial consequences. It is the most important reason you need an emergency fund. Find out why you need to have an emergency fund and how you can establish set one up.
Some money-saving tips are blatantly obvious: cutting back on eating out, or ditching expensive bad habits like spending on the latest gadgets every year. Some ways are uncommon enough to be impractical for consistent savings like choosing cheaper hotels on vacation or buying a used car rather than a new one — great advice, but it is not going to help keep your monthly expenses in check. In fact, you may be wasting money in extremely common but often overlooked ways. Here’s a list of four things you probably did not realise you could save on and how you can stop wasting your money on them.
Your twenties are an important time for learning a lot of money lessons. It’s a time for making financial mistakes, it’s a time for taking financial risks and it is a time to really take control of your money, rather than letting your money control you. To all those who are still in their early twenties, if you can start incorporating these these five financial wisdoms into your life, you are set to enjoy financial freedom and not be paying for your twenties when you are in your thirties.
Penny-pinching and living within a budget ain't fun. However, it is a much better deal than finding yourself drowning in debt and constantly worrying about money. If you are doing these 3 money mistakes, get rid of them if you want to set yourself up for financial security for the rest of your life.