On Emergency Funds: What Would You Give To Not Worry About Money?

On Emergency Funds: What Would You Give To Not Worry About Money?

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I Don’t Think I Need Emergency Savings If I asked you to recall some of your most stressful times in recent years, what are the chances that one or two, perhaps all recollections are related to money? If you are 18 and over, I would reckon very likely. One of mine definitely is – tail-end of summer 2015; a memory so sore I refuse to laugh about it. In as few details: Fast car, very tempting empty stretch of road (countryside), 2am on a summer weekend. As you can guess, it wasn’t an exhilarating ride. Fines, impound and legal fees quickly accumulated, souring the rest of my year. In hindsight, what that summer boiled down to was one bad decision revealing the false sense of security I had financially. Wage/Income – Check. Long-term savings/investments – Check. Emergency Fund – Oops! You might ask “Why not dip into the long-term savings…

How To Use Your Skills To Create A Successful Side-Hustle

How To Use Your Skills To Create A Successful Side-Hustle

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“In 2017 I will accomplish all my financial goals”, “In 2017 I will start my own business”, “In 2017, I will… (insert other seemingly far-fetched goal)”. If you’re anything like me, you probably have one of these as your New Year resolutions, and that’s admirable. However, it is what you do after making those statements that matters, not your intentions for a better life. Last year, I learnt that starting a side-hustle was the only feasible way for me to accomplish my financial goals. After all, there’s only so much budgeting one can do and a finite amount of Starbucks lattes that I can deprive myself of. Your goals will likely involve increasing your current net worth or cash flow. So the question is, how can you earn more money in 2017 or create more streams of income or side-hustles for yourself by using the skills you have?  After all, you’re trying to…

7 Tips To Improve Your Well-Being

7 Tips To Improve Your Well-Being

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  I am pretty sure I’m not the only one looking for ways to improve my health and general state of wellness this New Year. I mean it’s the time for fresh starts, new beginnings! ‘Health is Wealth’ – The older I get the more I realize just how true this is, no matter how cliché it may sound. I have come to realize that no matter how much money I am able to make through different streams of income and investments, if I am not healthy enough to enjoy it, it is all in vain. When I talk about health, I am not referring to your physical health alone. I also mean your mental and emotional health. Find below 7 simple, yet effective ways to improve your health and wellness in 2017: Take walks I am not a big fan of exercise: I hate sweating and hate being in pain…

4 Bad Financial Habits I’m Leaving In 2016

4 Bad Financial Habits I’m Leaving In 2016

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I made a lot of mistakes in 2016 when it came to my money – earning it, saving it, and also investing it. Although I have come a long way from that person that maxed out her credit card almost every month to buy shoes and clothes she could not afford, I still have a long way to go. These are the bad financial habits that I’m leaving behind in 2016: 1. Not finding the best deals: I did not always bargain or do the research needed to find the best deals. This was because I didn’t think doing much more research would make a difference in the price (and other times I was pretty lazy). I know better though, money is money, and every dollar counts. I am not saying you should spend 4 hours on the phone trying to reduce your phone bill by $5 – that’s hustling…

7 Steps To Accomplish Your 2017 Money Goals

7 Steps To Accomplish Your 2017 Money Goals

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Whatever life you want to lead will cost you! The only way to lead the life you want is to save more or increase your earnings. This 7 step checklist will show you a few simple steps you can take to accomplish your money goals for 2017! Be On Top Of Your Money Where Does Your Money Go? In order to live the life you want and take control of your finances you must first figure out where all your money goes! The easiest way to do this is to get an app like Mint which shows you a weekly summary outlining all that you’ve spent money on. An old-fashioned but effective way to do this is to scan your bank statements each month or week this would show you all the places/ things you have spent your money on. Doing this quick exercise will show you the areas where…