Financial Freedom: 10 Helpful Ways to Achieve It
Who amongst us doesn’t want financial freedom? We all do, but are we all taking the proper steps towards it? Attaining financial freedom is a goal for many people, but unfortunately, not that many people manage to achieve it. The reality is, for most people, financial freedom doesn’t just come automatically. One needs to do careful planning and put efforts into improving their finances. We spend a lot of time planning for many things, such as our education, careers, marriages, and having kids, but sadly, many of us fail to make a practical plan to achieve our important financial goals, such as financial freedom. This post contains affiliate links, meaning…
Think Before You Spend: 12 Essential Questions to Ask Yourself Before Buying Anything New
If you’re trying to adopt minimalism and simple living, or working towards attaining financial freedom and accomplishing your long-term goals, you should be intentional with your money and always ask a few helpful questions to yourself before buying any new stuff and adding that to your material possession. So often we buy things thinking we “need” that, only to find out later that it’s not really something that we use often, or that we truly need. We waste a lot of money on mindless purchases, and thus, also collect clutter in our homes. While shopping, you should deliberately make sure that your motivation behind every purchase is to add…
7 Things You’ll Never Regret Spending Money On
We all enjoy spending money, but not everything we spend our hard-earned money on adds value to our lives or gives us long-term pleasures. While it can be easy for many to fall into the trap of overspending, what are some of the things that you should be spending money on and not have any purchase-regret later on? What are the things that will enrich your life, increase your self-confidence, and truly make you happy? By evaluating your values and priorities and determining what makes you happy, you will know what’s worth spending your money on. Too often, people assume the purpose of their money is to simply buy whatever they want at any…
How to Save Your First $1000 & Boost Your Savings
Saving your first $1000 can seem intimidating, and a lot of people don’t have $1000 in their savings accounts to cover a sudden, unplanned expense. Fewer than 4 in 10 Americans have enough money set aside to cover an unexpected $1000 expense, such as a trip to the ER or car repairs, according to a new survey by Bankrate. Having even $1000 saved in your emergency fund can get you out of many financial scrapes. Knowing you have this safety cushion between you and life will make you way less reliant on your next paycheck. Many financial experts say that saving your first $1000 will give you a head-start in…
14 Warning Signs That You’re Living Beyond Your Means
Living beyond your means has become so easy and common these days, especially since we live in a time when buying on credit and overspending has become the norm. If someone is living beyond their means, they’re spending more money than they can afford – the money they don’t even have. If someone is living within their means, they’re sticking with a sustainable budget and not overspending. But just because overspending and carrying credit card’s debt seem so normal nowadays doesn’t mean you aren’t doing a real harm to your current and future financial well-being by following the trend. You must live within your means to attain financial freedom and avoid unnecessary stress. If you’re now wondering whether you’re…
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…