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Showing posts from March, 2023

11 reasons you are struggling to save money

There are many reasons  people struggle with saving money. Many factors that we are sometimes are unaware of. In this article we will discuss some of these reasons.  11 reasons you are struggling to save money 1.Cost of living It would be an injustice to talk about saving money without acknowledging the cost of living. The inflation rate keeps rising which means prices are hiking while our income remains the same.  High costs of living, such as housing, healthcare, and education, leave little room for saving after meeting essential needs. 2. You don't Budget (or stick to it) A budget is to your finances what water is to your body. You might survive a day or two without it but in a long term you will feel the effects. Without a clear budget, it's challenging to track income, expenses, and savings. Overspending becomes common, making it difficult to save 3. You live beyond your means Spending more than you earn will leave you with nothing to save.  Spending more than what you ear
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5 financial mistakes to avoid in your 20s

Your 20s are full of decisions to be made. From your career choice, to whether you want to be married or not. From having kids (or not) to buying your first home. There is always a life-changing decision to be made. It can be overwhelming.  There is a lot of pressure to get everything done while keeping up with the Joneses. This can lead to a few financial mishaps. There are, however, mistakes that you can avoid. Not being honest about your finances No matter how much you earn, you can always spend more than that and be technically poor. If you are not honest with yourself about your financial situation, you'll definitely make mistakes that will cost you a lot later on.  You need to know exactly how much you earn; and how and where you spend your money. That is the only way you can plan and not live above your means.  Getting into unnecessary debt When it comes to debt there is no right way to go about it. Debt is a two-way sword. Some people leverage it to build wealth while other
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How to take care of your finances in 2023

Taking care of your finances can be overwhelming and strenuous. In this blog, we break down a few basics on how you can kick-start your healthy finance journey.  Tracking your spending Keeping track of how you utilize your resources(aka money) will offer insights into some habits you might not even be aware of. You are probably aware of the major spending such as a mortgage, car insurance and so forth but it is the smaller changes here and there that are most impactful.  As they say 'numbers don't lie Lifestyle inflation  A few years ago, while watching "house hunters international" I learnt of the term "downsize to upgrade'. What these house hunters would do was to move to smaller homes and live way below their means in order to buy their dream homes.  It was such an unfamiliar phenomenon for me as I was taught, through culture, that as you make more money your lifestyle should reflect it. Got a promotion? Get a fancier car. Have a side hustle with substanti
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Popular posts from this blog

How to take care of your finances in 2023

Taking care of your finances can be overwhelming and strenuous. In this blog, we break down a few basics on how you can kick-start your healthy finance journey.  Tracking your spending Keeping track of how you utilize your resources(aka money) will offer insights into some habits you might not even be aware of. You are probably aware of the major spending such as a mortgage, car insurance and so forth but it is the smaller changes here and there that are most impactful.  As they say 'numbers don't lie Lifestyle inflation  A few years ago, while watching "house hunters international" I learnt of the term "downsize to upgrade'. What these house hunters would do was to move to smaller homes and live way below their means in order to buy their dream homes.  It was such an unfamiliar phenomenon for me as I was taught, through culture, that as you make more money your lifestyle should reflect it. Got a promotion? Get a fancier car. Have a side hustle with substanti
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10 Sites that pay moms to write- Make money Online

Did you know that there are sites that pay moms to share their stories? Yep. Getting paid to share what you already know. These sites pay moms to share their stories. They're a perfect side hustle for stay-at-home moms and working moms too. Some of these sites pay as much as $800 to their contributors.  1. Money Pantry - Pay $150+ Money Pantry is a personal finance blog. They are always looking for writers. You can write about ways you save money in your household. Anything that has to do with finances. Those small (or big) things that improve your finances. 2. Freelance Mom - Freelance Mom allows ‘MOMpreneurs” to share their journey of being a mom and an entrepreneur. You can write about the ups, the downs, and anything in between. Moms can share their coping mechanisms. How they started, and how they keep the balance. Basically anything relevant to being a mom and an entrepreneur.  3. Healthy Living -Pay $150+ Healthy Living is centered around a healthy lifestyle, parenting, p
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20 creative ways to save money on a tight budget

In this failing economy it is no surprise that you are looking for creative ways to save money. In this article we will cover multiple ways you can cut down costs, from food to self care and so forth. You will be covered.  6 Effective ways to save money on food  1. grow your own food A small vegetable garden will save you money while also encouraging a healthy lifestyle. It is no secret that most produce is over priced. It can be hard to incorporate veges in our meals when we are on a tight budget.  If you have a patch of land where you can plant vegetables, do it. Start with easy to maintain veges such as spinach. It is easy to grow and maintain over a period of time. Remember to check your area's climate and sowing seasons.  2. Know your budget Sticking to a budget will help you to save money on anything, food included. Have a grocery list when shopping and only buy items that are on your list.   3. Check your cupboards Shopping your pantry will save you from buying what you alre
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