6 Kinds of Savings You Need to Boost Your Happiness
They say, “Money can’t buy you happiness”, but it can certainly buy you peace of mind and better physical and emotional health which can eventually boost your happiness. How? Money is a leading cause of stress and anxiety, and there is no arguing that. Our ever-changing financial situation worries us more than our work/job, family, and even our health. According to the American Psychological Association (APA), financial stress is the top cause of stress for Americans. And it’s a well-known fact that stress affects our health and well-being seriously, and is also believed to contribute to poor decision-making. But if you have the right kinds of savings that you need, you can…
25 Good Financial Habits for Budgeting, Saving, and Building Wealth
If you want to achieve financial freedom and security, you need to learn good money management skills, and that’s not possible if you don’t form some healthy financial habits to begin with. When it comes to personal finance, every decision you make, reinforces a financial habit. Your financial stability depends on whether those habits are good or bad. Habits can form without a person intending to develop them, but they can also be deliberately cultivated or eliminated — to better suit one’s personal goals. In this article, I’m going to cover 25 good financial habits that will help you improve your finances and build wealth. 25 Good Financial Habits to Improve Your Finances: This post contains affiliate links.…
How to Stop Impulse Buying: 12 Tips to Curb Your Spending and Shop Intentionally
The enemy of our monthly budget and simple living is impulse buying. Retail marketers are trained in sneaky tactics that influence our urge to buy. Our personalities, mindsets, and moods can also lead to impulse shopping. In an article in Psychology Today, psychologist Ian Zimmerman said impulse buying is often connected to anxiety, unhappiness, and the desire for social acceptance. No matter your trigger, it’s important to become more intentional about your spending habits. Imagine how much better off your finances would be if you saved every dollar you carelessly spent on stuff you don’t really need. Furthermore, impulse buying prevents you from creating good and lasting financial habits. If you…
How to Stop Living Paycheck to Paycheck
Living paycheck to paycheck is a common reality for so many people these days. If you are working like crazy to support yourself and your family, and still barely getting by, you might feel better to know that you are far from alone. As many as 78% of American full-time workers are living paycheck to paycheck to make ends meet, according to a 2017 survey done by CareerBuilder.com, a leading job site. According to this same survey: Nearly one in 10 workers making $100,000+ live paycheck to paycheck More than 1 in 4 workers do not set aside any savings each month Nearly 3 in 4 workers say they are…
15 Possible Reasons Why You Are In Debt
Over the last decade, more and more people have found themselves deep in debt. You might be one of them. While there are some obvious reasons for you and others to be in debt, there are also many other reasons that might have contributed to your current financial status which could have been avoided. Being in debt is no fun. It’s highly stressful, and embarrassing, too. It also affects your relationship with your loved ones, and creates chaos in your family life. Learning and understanding why you have debt is the first step to controlling it and, ultimately, getting rid of it. If you don’t understand your reasons for having…
7 Meaningful Ways to Spend Your Money
Spending money can be fun. The mere thought of spending money can bring excitement to most people. And when it comes to spending money wisely in a meaningful way, saving and investing money for the future is what comes to our minds first. That’s, indeed, the most meaningful and practical way to spend your hard-earned money. But that’s not the only way. Not everyone is fortunate enough to have some money left after satisfying all their needs. Then, most of them who are able to save some extra money either by trimming expenses or increasing their income, usually spend their money on unnecessary things that neither add value to their…
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