How addiction makes savings difficult for the regular man

When addiction is in play, the devastating physical and mental effects are often talked about. However, the aspect of addiction that people rarely mention is the financial part. For the average addicted individual, they are likely to have a good chunk of their finances go down the drain because of their addiction problem. Therefore, it …

4 ways to save to prevent shopping addiction

One of the major reasons why some people find it hard to defeat shopping addiction is because they cannot save. If they had their full financial capacity, they will keep buying everything that comes their way. Eventually, they will discover that some of the items they purchased were not needed in the first place.   …

THE CONCEPTS OF SAVINGS AND INVESTMENTS

Savings is the act of keeping some money aside for future expenditure and emergencies. Usually, your savings should be accessible in case you want to use it for something important. To save effectively, you have to be a disciplined individual who would not use money for frivolous purposes.   People who save effectively would not …

THE IMPORTANCE OF SAVING FOR THE RAINY DAYS

Not everybody feels that there is a need to save; that is why some of them would rather have their money in a general place, instead of setting some apart that might be useful for the unforeseen circumstances. It is imperative to set some money aside out of your total income, it makes you a …

STRATEGIC ECONOMIC RECOMMENDATIONS ON ACHIEVING FINANCIAL GOALS

Goals are the little plans that are being put together to achieve a particular desired objective or set of objectives. Financial goals are usually associated with investment decisions and quality living of individuals and corporate bodies. It usually comes to play in the aspect making quality investment decisions, having a regular saving plan, crafting out …

WHY YOU NEED TO HAVE A SAVINGS

Some people do not often understand the reason why individuals who work in the finance-world would always reiterate the need to have a savings. A good number of them are usually of the opinion that, since there is money to pay for everything you need, what then is the essence of putting aside a particular …

Short Term Financial Goals

Having short term financial goals is just as important as having long term financial goals. They work together to accomplish complimentary financial outcomes. Short term financial goals are the building blocks for long term financial goals. Short term financial goals may look like a number of things. Every person’s goals look different depending on their …

Long Term Financial Goals

Meeting long term financial goals is something everyone desires. While they are not as concrete as short term financial goals, they are equally as essential. Long term financial goals are comparable to a person’s dreams of where they will be in the future. People should be more flexible with their long term financial goals than …