3 Age-old laws you should follow to build wealth

Recently I attended a conference on building wealth, and I must say it was quite good. The speaker told about a few ancient laws that can help to build wealth. Some may dismiss those laws as amateurish, but I beg to differ.

I have read countless articles on how to get out of debt in record time, how to avoid credit card debts, student loans, payday loans, and so on. But I haven’t heard that there are ancient laws that can help to build wealth. The topic piqued my curiosity and propelled me to attend the seminar. After visiting the seminar, I can tell you only one thing. It was an amazing experience.

Ancient laws that can help you build wealth

My first financial goal is to pay off debt. I have already paid off all the debts. So I have already achieved my first financial goal. My next financial goal is to build wealth and attain complete financial freedom. Hence I have decided to follow these 3 laws. If you want to build wealth just like me, then stick to this blog post for a few minutes.

1. The law of desire: Once I have watched a movie where the hero says ‘when your desire for something is too big, the entire universe conspires to fulfill it.’ It may sound a bit weird but this is true.

I have always wanted to do a job based on reading and writing. Look where I’m today. I’m working as a content editor for more than 6 years.

You have to think what you want and why you want. When you know why you want something desperately, the ‘how’ is also automatic.

2. The law of belief: You have to believe in yourself and know your goal. You can’t rise above your beliefs.

Have faith in yourself since can help to move mountains and connect to what you need.

Many people fail due to lack of confidence. When they get success, they feel they shouldn’t be there and end up acting in a way that pushes them backward.

3. The law of gratitude: Be grateful for what you have. Those who are grateful and appreciate what they have attract new opportunities. Just think casually, we love to give things to those who are appreciative than to those who feel it’s their birthright. Similarly, you’re likely to get more opportunities for building wealth when you’re give value to what you have. So appreciate what you have. This law has been proved scientifically. So don’t ignore it.

Conclusion

These 3 ancient laws can help you build wealth, reduce your debt, and save money. I’ll abide by these laws in 2018. Let’s see what’s in store for me. If you want to get financial success, then follow these laws. I’m sure your future will be different and great.

Do you believe these laws can help you achieve your financial goals? What do you do to build wealth? What is your strategy? Share it with us.

Conclusion

These 3 ancient laws can help you build wealth, reduce your debt, and save money. I’ll abide by these laws in 2018. Let’s see what’s in store for me. If you want to get financial success, then follow these laws. I’m sure your future will be different and great.

Do you believe these laws can help you achieve your financial goals? What do you do to build wealth? What is your strategy? Share it with us.

Valentine’s Day – 7 Gifts to pamper yourself

No more expectations in 2018.

Expectations give you pain and sadness. That’s why I have made a resolution to not expect anything from anyone this year. That’s why I’m not expecting anything from anyone on the Valentine’s Day as well.

This year, I’ll treat myself on the Valentine’s Day. I’ll buy gifts I really want to give myself this year. I know my hobbies. I know my likings and dislikings. So it would be easy to buy Valentine’s Day gifts.

If you are single or if you love yourself, then here are the 7 gifts to give yourself.

1. A good coffee mug: I’m tired of sipping coffee in my old coffee mug. I’m sick and tired. Now I need an energy boost. I need a coffee mug that brings a smile on my face the moment I see it in the busy mornings at office.

2. Sneakers: Stilettos are good for parties, which happen occasionally. I need good sneakers to go from gym to brunch within a few minutes. This year, I’m ready to spend a good amount for sneakers.

3. Silk pillowcase: A good sleep can cure bad mood. It can make you feel satiated and happy. I need at least 7 hour good sleep to run throughout the day. This Valentine’s Day, I have decided to gift myself a silk pillowcase. I want to give myself luxurious sleep after a busy and hard day to keep myself recharged.

You can try this by the way. I have slept on a silk pillowcase once in a hotel. I must say that the feeling is amazing. Soft and silky.

4. A smart sweatshirt: Old sweaters are definitely going to charitable organizations this year. Even my colleagues have started saying, “Please get rid of that old grey sweater.” Retailers are giving flat discounts on sweaters, scarves, sweatshirts, etc. I’m going to buy a good sweatshirt and other woollen garments from the stock clearance sale.

5. A good quilt: Sleeping is my latest hobby. I just love the feeling of getting under a soft quilt and watch my favorite TV shows at night. Sometimes, I read a good book and then doze off. This Valentine’s Day, a new quilt and a silk pillow cover are going to replace the old ones. Time to spend for my latest hobby.

6. A body pillow: Another new addition in my bedroom. Please don’t start laughing. A body pillow gives support to your hips, tummy, neck and back. It can help to relax your tired bones after a tiring day at work. If you’re working round the clock like me, then ask your boyfriend or girlfriend to gift you a body pillow. Trust me, you’ll love this gift.

7. A good face oil: I have tried all types of creams in the last few years. Now, I want to try something new. This Valentine’s Day, I have decided to buy a cheap and effective face oil for myself. I am looking for a face oil that leaves my skin glowy.

Do you have any recommendation? Just keep it in mind that the oil must be non-greasy and paraben free.

 

Conclusion

At the end of the day, I should be happy. In the last few years, I have learned one thing. Life is short and you live only once. So do everything you want. Treat yourself. If you get Valentine’s gift from others, then that’s the added bonus.

 

So there you go. I have listed my Valentine’s Day gifts. Do you have any interesting idea? Share with us. I might get another gift idea for myself.

Wanna avoid holiday financial stress? Here are the 13 easy ways to it

The holiday season is that time of the year when people want to have fun and create some memorable moments in their life. But this season can be quite stressful if you don’t have the perfect plan for buying Christmas gifts, foods and accessories. The excitement of holiday shopping can burn a big hole in your wallet and may cause you a lot of stress in 2018.

I’m 100% sure that you wouldn’t want that.

It might not be possible to remove all of your money worries during the holiday season, but there are a few ways to alleviate some of them. Let’s talk about a few of them today.

13 Easy ways to beat the holiday financial blues

    1. Shop early in the morning when the stores have just opened to avoid the mad crowd caught in the shopping frenzy.
    2. Create a shopping list. Pick a day to complete your shopping. Be organized since this will help you to find everything you need.
    3. Try to do your Christmas shopping between December 16-18. This is the best time to buy your gifts. You can check out the discounts and grab the best deals.
    4. Use coupons and promo codes because they can help you get biggest discounts on big brands.
    5. Set a challenge with your friends. The name of the challenge is – “Who can get the biggest discount on the items you need?”
    6. Give DIY gifts since you can make them at home easily and they don’t eat up your savings also.
    7. Create a holiday budget for buying your Christmas gifts.
    8. Go back to home since a trip to a hill station involves a lot more expenses like expensive air travel with peak-season rates. Plus, there are hotel-bookings and long-road trip expenses. Book your air tickets little early so that you can get big discounts.
    9. Have realistic expectations. Know your financial limits. Don’t overspend and create more stress.
    10. Have a discussion with your family about your financial situation if you’re cash-strapped. Request them to cooperate with you financially.
    11. Organize a potluck party in your home to reduce both physical and financial stress. Ask everyone to bring one meal. You can relax and just focus on the Christmas decor. Others will do the hard work for you. On the financial front, you can save a lot of money on grocery shopping.
    12. Ask your family members to stop spending money on gift-giving. Spend quality time with your family instead.
    13. Look for budget-friendly gifts that will definitely win the hearts of your loved ones.

Few budget-friendly gifts

    • A good book
    • Candles
    • Hats
    • Gift cards
    • Jewelry box
    • Phone accessories

Conclusion

Let your freak flag fly in this year. Spend as per your affordability to avoid debts after the holiday season is over. If your budget is $200, then break it down into each category carefully. Make sure you don’t spend more than the allocated amount for a specific category. The more organized you’re, the more likely you’ll be on a better financial footing in the first 2 months of the New Year.

Spend time not money on Black Friday to enjoy with family

Think carefully. Do you really have to shop on the Thanksgiving Day and Black Friday? In the last few years, the holiday shopping frenzy has forced some stores to open at 5 am on the Thanksgiving Day. But is it crazy?

When I was a child, I used to wait eagerly for the Thanksgiving Day and Black Friday. In fact, I was crazy about the shopping deals even a few years back but not anymore. My bestie says it’s because I’m aging. But I don’t think so.

I mean, of course, I’m aging. I see things in a different perspective but that’s not the reason why I feel people should stop shopping on Black Friday or the Thanksgiving Day.

You get shopping discounts throughout the year nowadays. In fact, you can get the exact same discount a few days later. Then why should you lose your sleep and rush to the store at 5 am? Spend these days with your family. Most of us are busy throughout the year. We have studies, work, extra-curricular activities, and so many other things to look after on other days. You can at least reserve these 2 days for your family. You can catch up with what is happening in other’s life in these days. You will feel fresh and rejuvenated.

Around 35% of consumers have planned to shop on this Black Friday, a figure which is 51% down from the last year. But does this mean that the rest 70% of the consumers won’t spend money? I don’t think so. Holiday shopping is expected to bring $680 billion to the National Retail Federation. This is a 3.6% to 40% increase in the total revenue.

Frankly speaking, I feel Black Friday has lost its appeal and importance. All 151 REI stores will be closed on the Black Friday. Almost 12,000 workers will have a day off, and it’s not the first outlet that will remain closed this year. Home Depot, Costco, and Nordstrom will also remain closed on the Thanksgiving Day.

Black Friday is not the biggest sale event of the year. It’s not anymore. Gone are those days. Instead of shopping, go for hiking, rowing, and rock climbing with your friends and family members. Play board games or cook your family’s signature dish. Listen to your family’s old stories.

Read or spread love on this Black Friday

Do you remember when did you have a lovely chat with a close relative who stays miles away? This year call that close relative who couldn’t be at home on the Thanksgiving weekend since he/she lives in another state or country. Gather everyone at home on the weekend and then do a video chat with the close relative.

If you don’t love to chat or play, then sit comfortably in a cozy comforter and read your favorite book. Trust me you’ll enjoy it more than a 35%-off piece of plastic crap from Walmart.

What’s more

Embrace the nature with open arms after eating and drinking with your family. It’s time to breathe some fresh air. It’s time to visit a state park that gives free admission on this day. You can also go skiing or walk on the beach. It’ll give you a body to die for and rejuvenated mind.

4 Tips to save your finances before Hurricane strikes

Hey, guys! What’s up? Sorry! I couldn’t catch up with you all in the last few weeks. I was extremely busy. My cousin sister lost her everything – thanks to Hurricane Irma. Her house is completely destroyed. Her husband’s office is broken down. They have a new member to look after – their daughter Alice who was born a month back. The situation is a complete mess.

Liza (my cousin sister) is shattered. They are living in my house till everything gets sorted out. Brad has incurred a huge loss too.

Initially, I was little annoyed with Liza because everyone knew about Hurricane Irma. She could have taken some precautionary steps to save her finances before Hurricane ravaged Florida and Caribbean islands. Then my rational mind intervened. Liza was not well. She was heavily pregnant. Brad was not in this country. What could have Liza done?

Liza is slightly better now. Alice is also getting accustomed to us. Things are gradually improving. Yes. Money is lost and this is why I thought to write a blog on the tips to financially prepare for a Hurricane. Liza and Brad suffered a lot since they couldn’t be financially prepared. I don’t want that my readers also walk on the same path.

Here goes my list of tips to be financially prepared for a Hurricane.

  1. 1. Take a digital copy of your financial documents: Hurricane can’t destroy your email. Gather all your important financial documents and scan them. Send the digital copy of your financial papers in your email. You can access those papers later. You can use these papers for insurance claims. Click pictures of your home, furniture, and other items. You’ll need these pictures later.
  2. 2. Withdraw some money from the ATM: Liza was pregnant. She couldn’t go to the ATM and withdraw money. Please don’t do this mistake. Keep some cash with you in different denominations. Keep one or two credit cards with you. If you have to leave home, then you’ll need this cash for basic travel expenses.
  3. 3. Stuff essential things in a bag: This is your emergency bag. Keep a pair of spare clothes, a flashlight, a first aid kit, water bottle, nonperishable food, batteries, medicines, and insurance policies in the bag. This bag will be extremely useful when you evacuate the home in under 5 minutes. If you have a pet, then don’t forget to keep pet foods in the bag.
  4. 4. Read your insurance policy again: Most people don’t read their insurance policies properly. Half people don’t understand their insurance policy, which is extremely bad. Read the terms and conditions of your insurance policy properly. Is your insurance policy covering you against hurricane-level winds and floods? The most serious consequence of a hurricane is flood. If your insurance policy doesn’t cover you against floods, then it’s better to buy a flood insurance policy.

    Most insurance policies go into effect after 30 days. So a wise decision is to buy the flood insurance policy one month in advance.

Conclusion

A natural disaster is something that is beyond our control. You can’t stop it. You can only take steps to save yourself and your belongings. Take the aforementioned steps in the hurricane season. At least, your condition will be better than my sister.

Why small businesses need a website: 12 Reasons you can’t ignore

Like many small business owners, you may believe your business cannot benefit from having a website or that a website is not within your budget. Or maybe you think because you don’t use a computer, neither do your potential customers. These are misconceptions. These 12 reasons show why your company NEEDS a professional website, no matter what size your business is.

1.Online brochure

Companies spend millions creating brochures and distributing them. By having a website you can skip that entirely. Your potential customers can find out about you and any of your products online. If you get most of your business through networking and personal connections, then they will want to check out your website.

2.More customers

More than 2.4 billion people use the Internet every day, and some 90% of those have purchased something, or contacted a company online in the last 12 months. So by not having a website, you will be missing out on a big piece of the pie.

3.Business value

Have you tried getting a business loan recently? It’s not easy, but if you try and the bank manager asks to see your website, you better have a pretty good one. It doesn’t just stop with the bank, the perceived value of your business will be lower in everyone’s eyes – especially your customers if you don’t have a good website.

4.Influence

By having a website potentially, thousands of people are going to see it. This way you can influence people’s decisions, and educate them.

5.Time to show off

You know that great feeling you get when people recognize your work? Well, by having a website you can show off what you do and take pride in your work.

6.Helps with business goals

That’s right! When it comes to writing the content for your website, you are going to revisit things about your business that you haven’t done in years. You will most likely reassess your business goals.

7.Low barriers of entry

Ever wanted to start a business? Well, now you can do it with virtual space. In fact, by using some free website providers you don’t have to pay a penny.

8.24 hours per day

Your website runs 24/7 without any supervision or need to lock it up. You can always be there for your customers.

9.Communication with customers

By having a blog or even just a feed on your website, you can update customers on your newest offers, products, promotions, events, photos, or any other content.

10.Marketing

The internet has opened up a whole new world of marketing that didn’t exist before. Your website can attract new business by using a whole host of low-cost marketing techniques.

11.Customer support

You can significantly reduce the cost of customer support by have a ticket system, or even just a FAQ on your website. I can think of 5 companies that streamline your customer service straight from your website.

I know there are other ways to do this, but by having a website you can have your email address@whateveryouwant.com. It is more professional and easier to remember. I know you love your steveman99286534@gmail.com, but it doesn’t really resonate with customers.

12.Press releases

I know that sounds a bit far out, but it is true. You can run cheap press releases online about your business, but to do it you will require a website. In fact, I have had clients who were absolute nobodies but they got one million views on YouTube because of online press releases.

Any topic or hobby will do

Do you love sports? How about ballet, alternative dance, photography, holidays, Kit-Kats, cars, skateboards, science or animals? Well, then you have a business idea just waiting to happen. The internet has room for an unlimited number of niche blogs that can attract traffic and revenue. Just pick something you love and start writing about it.

On a little side note, if you own a website you get to call yourself a web master. Pretty cool! But reason #13 for ‘why I need a website’ is that you can easily make new business and personal connections with other website owners. It can lead to extra streams of income for you!

How can you teach money management strategies to kids?

teaching money management strategies to kids

Does the idea of teaching your children money management strategies make you worried? Don’t worry, if your answer is ‘yes’. There are many people like you. However, you should teach money management strategies to your children right from the young age.

Teaching kids about money – Why is it important?

Like many other things, kids are not born with the knowledge of managing money. Moreover, it’s not quite a talk about term in the household. You might be talking about paying bills, but rarely you discuss your money management strategies in front of kids. Not only that, some parents also feel awkward to talk to their children about money.

However, you need to be sure that the kids are able to manage their money once they leave the nest. So, you also need to teach them smart money management strategies just like you teach them how to cook some basic meals or do the laundry.

Teaching kids money management skills – How can you do that?

So, we’ve understood that it’s important to teach your kids how to manage money. But, the question is, how can you do that? It’s not that tough as you’re thinking it to be!

Here are the 4 simple ways to make your kids money smart.

  1. Teach the art of saving money – Make saving fun in order to motivate your child. Let your child receive prizes for a coupon he/she has cut out from a newspaper. You can also give prizes if your child can save from his/her pocket money.
  2. Encourage your child by matching contributions – You can encourage your child by doing a ‘savings match’. Whatever your child saves, match the amount. It’ll encourage your little one to save more. Moreover, he/she’ll also learn the concept of a retirement savings program.
  3. Develop strong math skills – A person usually tends to use emotional ways to invest if he/she doesn’t have math skills. So, teach your kids basic math skills so that they are good with numbers. Maths is taught in schools; what you can do is encourage them to learn strong math skills.
  4. Let your child make mistakes – Do not stop your child from making mistakes. The financial loss won’t be much at a young age. So, if your kid is spending money, what he/she has got as a birthday gift, before thinking. Let him/her do that. He/she will learn from the mistakes and it would stop him/her from making similar mistakes in the future.
  5. Encourage your kids to ask questions – Your little one can also ask questions. When your child asks anything about personal finance management, answer his/her queries. It might be difficult to make him/her understand everything especially if your child is small. But be patient and answer the queries according to your child’s age. This will help your children make appropriate financial decisions once they grow up.

Are there apps for teaching money management skills to your child?

Yes. Nowadays, teaching money management skills is not only restricted to just piggy banking. Don’t give your smartphone to your kid only for playing games and use it to teach smart money management strategies.

Piggybot is such an app which you can say is a digital version of an actual piggy bank. With this app, they can visualize how much money they got from their mom and dad.

Renegade Buggies is a game which you can download. Your kids will love it as it’s a fast-paced shopping game wherein they need to save as much money as they can. As your kid will go on completing one stage after another, he/she will accumulate ‘buggie bucks’ which they can use to make saving as well as investment decisions.

Famzoo – Another superb one! In this app, you can create your child’s bank account to track your little one’s spending, saving and giving habits. This app can help your kid to learn about budgeting.

I want to mention another important point. Be a good role model for your child. A kid often learns from his/her parents. So, if you practice good money management skills, your children will automatically learn from you. You can also set an example. Take a jar and put money in it. Let your child watch it and tell him/her that it’s your savings jar. This way your child will know saving is normal and it’ll motivate him/her to save, too.

8 Cheap fun activities to make your kids giggle this summer

cheap fun activities

Summer vacation is a time
When parents realize that teachers are grossly underpaid

“Oh! I’m bored! There’s nothing fun to do here mom! – Could there be anything more irritating than this annoying summer anthem for stay-at-home or working moms? What happened to the days of creating a nuisance in the neighborhood and reluctantly coming for lunch and then again joining the tiny troops in the lazy afternoons?

Most kids are just glued to video games, online games and TV nowadays. But you can’t possibly keep your kids busy throughout the day during summer through video games or cartoon shows. You’ve to think about something to entertain your kids during summer vacation without breaking your budget.

Wondering how can you nurture your kids beautifully and manage household expenses? Well, Managing household expenses is a bit different from handling kids and their expenses. Household expenses are in your hands. But kids belong to a different world and handling their expenses is not less than a Herculean task, especially during summer vacation. This is the time when they want to be thoroughly entertained and that usually means splurging well.

Lost in thoughts? Here is a list of 8 frugal fun ideas for your kids in this summer.

1. Say “Let’s make a theater at home”

Oh! Kids love this too much. Just take a simple tension rod and drape a nice a bed cover over it. Your puppet theater is ready. Now write a comic skit for your kids and ask them to enact it. Each kid will play a character in the play. Ask them to learn the dialogues with proper expression and then put up a nice show in the evening.

Kids would be super busy in grabbing their favorite role in the play and then giving their best performance. Your house would be filled with laughter, songs and witty dialogues.

2. Say “Common! Let’s celebrate Christmas Eve during summer”

Don’t pop out your eyeballs because you’ve read it correctly. All I’m saying is invite your kid’s friends for an afternoon sleepover. Pull out all the soft pillows and tiny blankets of your kids. Keep these things in your living room. Ask them to pretend as if it is the Christmas eve. They should act as if they’re getting nice presents after waking up. The best actor would get 3 home baked cookies. Yum!

3. Say “It’s time for photosession. Wanna become photographers?”

Kids are tech-savvy. They’re smart kids who know A to Z about smartphones. So, give them a smartphone and ask them to get decked up for a cool photo session. You can even give a theme to make the photo session more interesting. For instance, the theme can be kids’ favorite cartoon characters.

Don’t forget to tell them that they would be get access to your smartphone throughout the day. They can click pictures and share them in Facebook. This would make them more excited.

4. Say “Up for a drink? Let’s make a yummy fruit shake”

Kids love to sip fruit shakes and so do I. So, why don’t you ask them to make some refreshing fruit shakes? Ask them to help you choose the best fruits in the market. After you guys reach home, assign the task of spooning out the mangoes with care. Once you get the juicy ripe mango cubes, take out your mixer grinder and smash them. Let your kids serve the fruit shake in a nice glass with ice cubes and sugar.

5. Say “Hey! It’s time to visit our ancestors”

You can’t keep kids inside home all the time. They need some fresh air and obviously a nice outing. Take your kids to local museums that organize special summer programs for kids. Get your kids enrolled into those programs where the admission cost is low. Watch out for those credit cards wherein you can get special museum admission deals for kids.

6. Say “Wanna make some creative stuffs?”

Let the creative juices of your kids flow like a river this summer. Just give them some nice craft ideas. They’ll be busy in making a cute snowman with paper plates, puppets with socks, painted pots, etc. Just give them the core items. They’ll be busy in surprising themselves with their own craftwork.

7. Say “ Let’s have a summer camp in the weekends”

Take sleeping bags, yummy foods, flashlights to the backyard of your house. Make a tent there. Have your dinner there and then tell them some really scary stories. Count the stars in the sky and then sleep inside the tent throughout the night.

8. Say “Who wants to find out the hidden treasure?”

Adventure, thrill and adrenaline gush – kids love these things. A smartly conceptualized indoor treasure hunt can keep your kids on their toes throughout the summer vacation. Just write some clues in a few pieces of paper and then hide them at various parts of your house. Make sure one clue gives a hint to another clue. The final clue will give a hint to the ‘ultimate treasure’. You can write those clues in the form of rhymes too.

Some safety tips for kids

1. Ask kids to walk carefully on the street.
2. Ask them to use sidewalks when you’re taking your kids to museum.
3. Apply sunscreen lotion liberally on their exposed parts of their bodies before going out in the sun.
4. Keep a first aid kit at home.
5. Make sure you use an insect repellent when your kids are camping
6. Never ever leave your kids in the pool alone. Be there with them.
7. Don’t let kids grill fish or chicken. It’s completely unsafe.
8. Keep your kids hydrated throughout the day.
9. Ask your kids not to play with matches and lights when cooking.
10. Make sure your kids wear light-colored clothes.
11. Try to schedule outdoor activities during evening.
12. Check your kids at frequent intervals. Make sure they are fine.

Conclusion

Don’t let your tight budget ruin the summer vacation of your kids. Use the aforementioned tips to keep them busy in fun activities. Let them play, enjoy and learn through various activities instead of watching TV throughout the day.

Last but not the least, don’t forget to give a notebook to your kids. Ask them to write about their exciting summer activities in that notebook before going to sleep. It will act as a memoir. They can show that notebook to their friends and have a good laugh later.

Best ways to utilize a pay raise and build wealth

Congratulations! Your hard work has paid off. Finally, you got a pay raise.

You have plenty of time to celebrate your latest achievement. But there is one thing you need to decide right now. You need to decide how to manage your extra money.

It is easy to use the extra money for lifestyle inflation. But will that help to create financial security for you? Never.

Instead of wasting the extra money for frivolous expenses, why don’t you use this extra money to grow a beautiful financial house? This would help you live comfortably even during the golden years of your life.

Here are the 3 best ways to utilize your pay raise and build wealth gradually.

  1. Pay off your high-interest debt: Debts can damage you both emotionally and financially. Your credit score drops, you get debt collection calls, you pay higher-interest on new loans, you lose your mental peace, and so on. So, the first thing you need to do is pay off your high-interest debt with the extra money. This may be a payday loan or a credit card or an auto loan.

    Although it’s more comfortable to pay smallest debt first, yet I would suggest you to repay high-interest debt since this costs you more money in the long run.

  2. Pay more towards your retirement plans: No one can guarantee your future. So, it is important to take steps for securing your financial future after retirement.

    If your annual income is $50,000 and you get a 3% pay hike, then you’ll get extra $1500. This means an additional $125 every month before tax. If you contribute this amount to a traditional retirement account for 30 years with an average 6% interest, then your total savings would be $125,000. Your total retirement savings and Social Security benefits would be enough to spend your retirement days comfortably.

  3. Get yourself adequately covered: Health insurance policy, life insurance policy, disability insurance, etc. protect you when a disaster strikes. We don’t want to think that bad things can happen to us. But the reality is something different. A disaster can strike anytime.

    No matter what Trump/Senate ultimately decides about the fate of the ObamaCare and HSA, you still need a health insurance policy to cover your medical bills.Based upon the latest developments, ObamaCare is likely to stay. Likewise, a life insurance policy is required to protect your family members when you’re no more. If you don’t have a life insurance, then buy one with the extra money.

  4. Strengthen your emergency fund: The best way to be ready for unexpected expenditures is to strengthen your emergency fund. Obviously, you can use your credit card for a car repair expense but this is an expensive option. High-interest will increase your credit card bill and eventually you have to pay more. Probably, this is why you should save 2-3 month’s worth of living expenses in your emergency fund. Since you have extra money now, use it to boost your emergency fund.

Last but not the least,

Don’t forget to save a little amount for fulfilling your dreams. Maybe you want to visit Egypt once in your lifetime or wish to start a business. Save a little every month. I’m sure you’ll achieve all your goals.

Did you get a pay hike recently? How did you use it? Have you thought about any other way to use the extra money wisely? Share with us.

Financial resolutions I’m determined to keep in 2017

2017 financial resolutions

Hi guys!

It’s been awhile since I posted anything in my blog.

Sorry! I was a bit busy. Mom was not well. Had to look after her in the holidays. And after the holidays were over, had to take care of pending assignments at office.

A very Happy New Year to all of you! Love you all! Have a great 2017!

Resolutions are meant to be broken. And, financial resolutions can be easily broken years after years. 🙂

Last year, I made a few financial resolutions. And, like every year, I failed to keep most of them. So, this year, I have taken a different strategy. I have made only 2 resolutions so that it doesn’t become an impossible task to keep those resolutions.

My first resolution

File my tax papers early: Last year was hell for me. I filed my income tax returns just before the deadline. I had to run to the tax planner several days, organize all the papers hurriedly and do some complex calculations hastily. It was disgusting. This year, I’m going to do everything in advance. I will finish everything early and relax later.

Since it’s a short-term resolution. So, I guess, it’ll be easier for me to keep it. What do you say? 🙂

My second resolution

Move to a bigger apartment: Yes, this is a big resolution. I’m sick of living in my tiny rental apartment. I want to move into a bigger one. I have saved some money for down payment. Rest, I’ll borrow.

I don’t know if I’ll be successful. But, I’m determined to take all the steps to buy a big apartment in 2017.

What is your financial resolution in 2017? Have you made a plan to keep your resolution? How was 2016 financially?