Making peace with getting old is not an easy task to tackle. Thinking about retirement in your 20s might sound exaggerated- but trust me, it’s not. Planning for the future doesn’t include only the next 5 or 10 years. Your retirement planning needs to start when you start your first job. When I started my …
Buying a car is a crucial decision for any family or individual, and that is because of the importance attached to it. One of the main reasons for buying a car is to commute around quickly and comfortably. There are other reasons, such as showing off your new status and all that. A car allows …
Homeownership can be one of the best ways to build wealth. It’s the ultimate stamp of approval that you’ve matured. You’ve established a stable stream of income, and you’re ready to settle. I consider buying an apartment with my partner at the age of 28 my most significant life achievement so far. It was such …
Once we start to get hooked on saving our income, there would be a time when we want to see it grow. If we keep our money in a personal checking account, even after 10 years, it’ll remain the same (probably less because of inflation). Whereas obviously, if we save and put it in the …
Our emotions predominantly dictate how we spend money. We treat ourselves when sad or to celebrate when feeling good. We see something we want – we come up with a thousand excuses for how we deserve it because we identify with a certain feeling. I’m guilty of practicing the treat yo’ self mentality, and it …
That question may seem easy-breezy but, how much do we really need in our bank account? Many of us have been working for years, yet only some of us can confidently say that our budgeting is consistently successful. We all have different budgeting styles and we always choose what works for us. It all boils …
When you’re a young adult it’s easy to fall into the trap that time is still on your side. In a blink of an eye, you’ll wake up at 40 with no savings, a mountain of debt, and only one culprit – yourself. What bothers me the most is that financial literacy is not taught …
