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Manage Your Finances

5 Ways to Reduce Financial Stress From Your Life

Reduce the financial stress in your life by following these 5 steps

While it is true that money can’t buy happiness, it’s also true that not having money doesn’t do a lot of good to our mindset. One of the oldest and most popular debates, this topic seems to have the same number of yay and naysayers, but why is that?

One of the reasons may lie in the fact that a lot of people observe the matter of money as strictly black and white, when it’s, in fact, very gray. The fact of the matter is that money per se doesn’t necessarily have a strong effect on our overall well-being – it’s rather the things we choose to do with the money that have an effect on us. So, if you want to see how money can, in fact, improve your well-being, please read on.

Categories
Debt Elimination

From Overburdened with Debt to Debt Free Within 3 Years

Today, I am going to share with you a story from our financial journey.  It’s about our debt payoff journey and how we overcome financial struggles that shaped the financial life we have today.

If you think that our financial lives were a smooth ride, you’re wrong. In spite of being a personal financial adviser now, once we struggled to repay debt.

This is our story.

Categories
Save Your Money

New vs. Used: What Kind of Car Should You Buy?

Should I buy a new or used car?

The archetypal dad’s advice will sound familiar: new cars are for suckers. Depreciation means you’ll lose all the value the minute you drive out of the lot, so used is the only way to go. Or is it? We think it isn’t that simple.

While it’s true that new cars will undoubtedly lose a good chunk of value, it doesn’t mean a pre-owned car is an answer for absolutely everyone. And we’re going to tell you exactly why.

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Invest Your Money

Overcome Your Fear of Investing

Overcome your fear of investing

Your job may give you and your family a certain kind of security that goes with a good, stable material situation. And it’s easy to settle for that kind of stability. I fell into the same stability trap, as many others did.

Luckily, in my case, the thing that snapped me out of the stupor of perceived stability wasn’t some horrible life-changing tragedy. No, it was a simple broken leg. While some would say that a broken leg is tragic enough, for me it was merely a chance to sit and do nothing for two or three months – or so I thought.

Categories
Debt Elimination

Repay Debt Faster by Budgeting for It

Budgeting for debt

Budgeting for debt means you methodically eliminate your debts by planning for it.

Budgeting is often given a wrong meaning. Many people view it as something that puts a stop to every fun thing in life.  They mistakenly think that a budget restricts you from eating out or shopping. In short, you’re devoid of any enjoyment if you follow a budget.

However, it’s not like that. At all.

Actually, budgeting helps you to spend money on the things you want. It helps you to take control on your finances and get your financial life on track.