12 Signs You already acquired Financial Freedom

12 Signs You already acquired Financial Freedom

Everybody wanted to acquire financial freedom but less percentage acquire it. But truth is every body can achieve that position by changing behavioral attitude. Here are 12 signs that tells you you’re already achieved financial freedom! 1. You are not losing sleep over your money problem When you go to sleep at night, you will sleep deeply and peacefully. And if anything does keep you awake, it is not related with your money problem.This is a non-financial benefit that people who are financial independent have as a result of their…

7 TIPS to help you stick to your monthly budget

7 TIPS  to help you stick to your monthly budget

Creating a budget is the first step to taking control of your money. A Budget is showing your money where it should go instead of wondering where it went. After budgeting often it seems hard to stick to the budget. Msnowball app tools are designed to help you to become disciplined on your personal finance. Here are some helpful strategies to stick to the budget. 1.Prepare your budget every month Many people will think that they can manage their money without any budgeting process and it may be worked for…

Four Major Myths About Financial Planning

Four Major Myths About Financial Planning

There are a lot of people out there who know they need financial planning but are still no idea about what financial planning actually is.  So to help you need to  understand the importance of financial planning, We’ve narrated four major myths about it. Financial planning is not a product. A lot of people presume that a financial plan is a product they can buy it, and can utilize rest of their life.  Truly  Financial planning is not a product—rather, it’s an investment in budgeting, forecasting and managing your finances to help you achieve…

Retirement Planning – How much money I need to save for Retirement?

Retirement Planning – How much money I need to save for Retirement?

To answer this question you need to understand it depends on many factors including your desired standard of living, your expenses (including any medical expenses) when you retire. Work out following matters to find out how much need for retirement. 1. Decide the age at which you want to retire. 2. Decide the annual income you’ll need for your retirement years. It is best to find out the annual income yourself. Generally speaking, it’s reasonable to assume you’ll need about 80% of your current annual income in order to maintain your standard of living….

How to Create First Budget to Achieve Financial Freedom

How to Create First Budget to Achieve Financial Freedom

Creating a budget is the first step to taking control of your money. When you make a first  budget you are started to arrange your personal finance, you’ll see the areas in which you can cut costs mainly unwanted expenses. You’ll also find how much you can save each month for your future goals. Make a new budget for each month is your main priority. Budget makes control of spending. If you want to succeed with money, you’ve got to do the details. Every month. So let’s get started. INCOME:…

How to Break the Borrowing Habit

How to Break the Borrowing Habit

You hate debt. You paid off  debt once and vowed you’d never let it happen again. But here you are – trapped in debt again. It’s not good! How did it happen so quickly? What is the practical solution not repeat the debt again? You must spend less than you earn Defining the source of your debt problem is critical to solving it. Debt is often cause larger problem: an addiction to an unsupportable lifestyle and self image that results in overspending. Unless you address the real problem, the symptom…

How to Determine Your Net Worth

How to Determine Your Net Worth

Determining your net worth is fairly goal oriented. You list and add up all your assets and all your liabilities. Then, you subtract your liabilities from your assets. Assets Your assets can be defined as everything you owned that has monetary value. They may be liquid like a savings account or non-liquid like your home. If an asset is liquid, it simply means you don’t have to sell it first to realize its  value. A few general examples of assets are: The market value of your home. The market value of…

When you should demand Salary hike

When you should demand Salary hike

When is the right time to ask your boss for a salary hike? Here are five times when you should demand — or at least ask for — a salary hike from your boss. You have Saved Your Company Money Have you worked on a new advertising campaign that has increased sales at your company? Maybe you’ve recommended new idea that has saved your company lakhs  per year. If you’ve done something that has either boosted your company’s sales or cut its expenses, there might be no better time than now…