13 Smart Habits of Debt-free People You Should Adopt
If you’re planning to get debt-free or trying to stay debt-free, it’s always good to be inspired. Look at people you know who are already living debt-free lives and enjoying financial freedom. Whether it’s a friend, family member, or co-worker, the person you’re thinking of probably shares similar qualities with other debt-free people. Debt-free people aren’t necessarily wealthy. They are the people who are willing to utilize the resources they have, financial or otherwise, to pay off debt or avoid it altogether. If you want to be debt-free, you need to change your lifestyle and shift your mindset about money. It’s not going to be that easy, but once you…
Tax Refund: How to Make the Most of Your Extra Money
It’s February, and soon you’re getting a tax refund from Uncle Sam. According to the IRS, the average tax refund is $3,120, and most people receive the money within three weeks of filing their returns. That’s a nice chunk of extra money. While it may be tempting to buy a new car, splurge on latest gadgets, or upgrade your furniture or wardrobe, it’s a better idea to spend that money wisely so you can achieve financial freedom, enjoy peace of mind, improve your quality of life, and save more money in the long run. Much of your financial and mental well-being depends on how well you manage your money. Here are 11…
An Emergency Fund And Your Peace of Mind
Having an emergency fund is probably the most important step toward attaining financial freedom and some peace of mind. It is the foundation of your family’s finance. An emergency fund is not something extra or optional but a necessity for you or your family’s financial well-being. Having a healthy emergency fund is now more important than ever. The recent Coronavirus outbreak has shown us the importance of having an emergency fund and the difference it makes when a crisis hits. The economic fallout caused by the Coronavirus pandemic has been swift, with investors, service-industry workers, retailers, and small business owners taking an especially hard hit while the rest suffered from some…