Master the art of saving. Discover practical tips, strategies, and tools to help you save money effectively. Learn about different savings accounts, emergency funds, and how to save for major life events.
As a mother, I have come to realise that one of the most important life lessons we can impart on our children is financial literacy. Picture this: if we consider life as a complex puzzle, then understanding money is like having the corner pieces. They’re not the whole picture, but they give you a place … Read more
the nuances of budgeting, expense tracking, and long-term financial planning in polyamorous relationships, uncovering both the challenges and strategies for managing money in a multi-partner dynamic.
In a world increasingly concerned with sustainability, the traditional mantra of “reduce, reuse, recycle” has become a standard. However, the potential of recycling extends far beyond the blue bins and community centers. It’s about creatively repurposing what we have in ways that benefit our planet and our wallets. Let’s embark on a journey of discovering … Read more
Could you offer some advice on what retirement savings options are available to self-employed individuals like me? And how should I prioritize my savings between retirement and my kids’ education?
Fallacy 1: I Don’t Earn Enough to Save The truth is, saving isn’t about how much you earn, but about how you manage what you earn. Even if your income is low, developing a habit of saving even a small amount regularly can add up over time. Fallacy 2: It’s Too Late for Me to … Read more
Becoming a savvy investor is not just about luck or innate talent. It’s a journey that requires knowledge, discipline, and the cultivation of smart financial habits. Whether you’re just starting your investment journey or seeking to enhance your existing strategies, adopting these five habits can help you become a more informed and successful investor. Let’s … Read more
In a world of ever-increasing expenses, food remains a substantial part of our monthly budget. Whether it’s the lure of gourmet dining, the comfort of fast food, or the routine grocery haul, many find themselves spending more on food than they’d prefer. Yet, feeding ourselves and our families doesn’t have to break the bank. With … Read more
In an era where subscription services and online shopping can slowly nibble away at your budget, many overlook the cornucopia of free resources available in their local communities. From libraries to community centers, the avenues for saving money while enhancing your quality of life are abundant and often underutilized. This article aims to shine a … Read more
The American Dream has long been punctuated by the archetype of the ‘Millionaire Next Door’—that unassuming, frugal neighbor who, unbeknownst to you, has amassed a fortune through saving, investing, and living below their means. This notion has been immortalized in self-help books and financial literature, serving as a roadmap for generations aspiring to accumulate wealth. … Read more
The current era’s never-ending cacophony of consumerism can be as tempting as the Sirens to Odysseus, luring us into a rocky relationship with our finances. It’s ironic how the relentless pursuit of “more” often leads us to “less” in our bank accounts. But what if the antidote to this ailment is paradoxically simple? That’s right, … Read more
The grocery store doesn’t have to be a battleground where you fend off attacks on your budget. Arm yourself with these insights, and you’ll transform each shopping trip into an exercise in financial dexterity.
Picture yourself wandering through the labyrinthine world of financial adulthood. One wrong turn, and you might find yourself trapped in the debt-scape, a barren land where opportunities seem forever out of reach. You need more than just a ball of yarn to find your way. Your credit score—those three little digits—functions as a kind of … Read more
In the world of money, budgeting is akin to choreographing a dance. Every dollar, every decision, must move in harmony with the rhythm of our lives. Whether we’re striving to pay off a mortgage, saving for a dream vacation, or simply wanting to make our money stretch until the end of the month, the art … Read more
Let’s begin a little journey, you and I, walking through the vibrant streets of Addis Ababa. Notice the colorful market stalls, each one brimming with fragrant spices, fresh produce, and skillfully crafted wares. This isn’t just a typical market scene; it’s a vibrant tapestry of age-old wisdom on saving and spending. Money, like water, must … Read more
Personal finance – two words that can either strike fear or spark intrigue, but either way, they are not to be ignored. Just like the Ethiopian farmers meticulously count their chickens at the end of the day, knowing exactly how many they have, and how many they can afford to sell or breed, we too … Read more
Back in my 20s, I used to think of retirement as an abstract concept, something so distant that I could comfortably put it off, focusing instead on more pressing matters like trying to remember where I left my car keys or keeping up with the latest alternative rock hits. As I got older, my lack … Read more
We’ve all been there: you and your friends fantasizing about a dream vacation together, exploring exotic places, creating memorable adventures, and strengthening the bonds of your friendship. But when it comes to turning those fantasies into reality, financial matters often pose a formidable challenge. However, with early planning and strategic saving, you can make your … Read more
Remember, understanding the difference between financial fact and fiction is a key step towards financial literacy and independence. Arm yourself with the right knowledge and pave your way to financial success.
The first time I encountered the concept of risk and reward was not in an investing book or during a finance class. Instead, it was during a daring rescue mission in Space Invaders, where I had to decide whether to go for the high-score alien (high risk, high reward) or play it safe and clear … Read more
As the first generation to grow up with the Internet at their fingertips, Gen Z’s interaction with money is, unsurprisingly, closely intertwined with their digital lives. A significant part of this digital life revolves around social media, which has evolved into a powerful force that shapes their perceptions, influences their decisions, and inevitably impacts their … Read more