How to set up Emergency Savings Fund

How to set up Emergency Savings Fund

DEFINITION OF ‘EMERGENCY FUND’ An account that is used to set aside funds to be used in an emergency, such as the loss of a job, an illness or a major expense. The purpose of the fund is to improve financial security by creating a safety net of funds that can be used to meet emergency expenses as well as reduce the need to use high interest debt, such as credit cards, as a last resort. That means emergency fund is an account that’s earmarked for spending on urgent, unplanned…

Inflation is MOST IMPORTANT to Commonman

Inflation is MOST IMPORTANT to Commonman

Prime Minister: “Our GDP grew by 10%” Common Man: “OK …Good” Prime Minister: “Our GDP Shrank by 10%” Common Man: “OO Better luck next time” Prime Minister: “Prices reduced by 10%” Common Man: “WOW that helps me a lot I will do everything to keep you in power.Thank you very much”. Prime Minister “Prices Increase by 10%” Common Man: “Grrrrr…I will show you my Vote power next time” To make it simple Inflation is what matters to Common man and poor people in particular. It Does not mean GDP growth…

Here is What to Do If You Can’t Pay Your Expenses On Time

Here is What to Do If You Can’t Pay Your Expenses On Time

Not having enough fund to pay the bills is an issue we may face from time to time. Life is full of financial ascending and descending, and after all, we’re all human. Don’t be upset, it is the time to focus on your personal finance .If you don’t make changes, things will stay the same. If you’re in a tough financial situation, here’s what to do when you can’t pay your bills on time, and tips on how to handle the situation. Don’t move away From the Facts Do you know why…

Five ways to save more money

Five ways to save more money

Most of us know the necessity of saving for financial goals, but go about saving all wrong—and therefore make it much more painful than it needs to be.  So to make things easier for you, We’ve outlined five ways to help you save more this year. Fix clear goals. Know what you’re saving for.  How can you reach a target if you don’t know what the target is?  clearly defined goals will help you stay motivated with your savings plan.  Want to save for a home down payment?  Great. Then figure…

9 Characteristics of Debt-Free People

9 Characteristics of Debt-Free People

One of the main steps to achieve financial freedom is debt free. Here are 9 common characteristics of debt free people. They Pay Attention to arrange their finance People without debt monitor their personal finances closely and review it. They are not willing to waste the money by paying late fee and obliged to make the payment prior to due date. You can start paying more attention also. The key is just to start. Look at your credit card statements every month. Next monitor all of your expenses and find…