Tag: Personal finance

Everyone knows the basics of personal finance management—budgeting and saving. However, very few of us rarely use these basic financial skills. Many people often go through their life without proper planning of their finances, until a rainy day strikes. When you are unprepared, everything can only go downhill from there. The best thing to do here would be to follow the Boy Scouts motto, “Be prepared.” How to do this? By managing your hard-earned money well and mastering a few financial skills. Managing money does not require you to be a math whiz. It is very simple to learn and acquire a few useful financial skills. You just need to have self-discipline and self-control. Being organized also helps when it comes to making prudent financial decisions. Here are a few financial skills to maste...

All of us aspire to lead a financially stable life, but achieving this feat is easier said than done. This is because we tend to make common mistakes in managing our money that can render grave consequences and sideline our long-term financial goals. Fortunately, the good part is that you can easily avoid these major hiccups by identifying what types of financial mistakes can land you into trouble. Being overly dependent on credit cards Overusing the credit card is the worst thing you can do for your financial health. Not only will this financial mistake amass a massive debt that can become impossible to repay, but it can also detrimentally impact your credit score. In other words, it will starkly lower your chances of securing personal loans and getting employment or even an apartment. To...