This is post #28 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Once I knew how much I spend and for what, I could see what my biggest expenses are. The best way to approach cutting your expenses is to face the biggest pains first and then optimize the rest. My biggest…
Online-Only Banks: What to Look for
This is post #27 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! What is an internet-only bank? A bank which offers serves only online. An internet bank provides neither locations that you can visit nor face-to-face interactions with clerks. That’s why it’s so important to conduct thorough research before opening…
Are You Part of the Banking Sector Evolution?
This is post #26 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Do you still pay for having a bank account? Do you still pay for cash withdrawals? Have you overslept the disruption of the banking sector? You might have opened an account a few years back. The conditions might…
Pack Your Own Lunch at Least Twice a Week
This is post #19 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Do you know how much you spend for lunch? When I started calculating my monthly expenses, I realized I was spending a lot on eating out at lunch break. I had been working at the same office for about…
Don’t Pay for What You Don’t Use
This is post #14 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! We have all made rushed and impulsive financial decisions. Today’s tip is to look back and re-evaluate your choices. Be brutal, be honest, and cut these money leaks! Ask yourself: What am I paying but I: –…
Pay Yourself First – Set and Forget
This is post #13 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Here is a quick and easy trick you can apply straight away: Before you pay your bills, before you buy groceries, before you do anything else, set aside a portion of your income to save. The first bill…
Can You Live with Only 100 Things?
This is post #9 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! David Bruno, an author, and entrepreneur was troubled with the excessive consumerism in America. He worried about its effect on his own life. Everywhere we look, we have stuff. We are overwhelmed! – David Bruno To address his concern,…
The Power of the Emergency Fund
This is post #7 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Now that you know where your money goes, you probably have a very clear idea of your monthly budget. This is the total sum of all you need to cover your monthly expenses – rent, bills, credit/mortgage…
Why I Don’t Do Christmas
Overheard at a crowded Christmas market in Berlin: – Mom, I have another wish for Christmas.– What is it? (holding breath)– …insert a random item…– How much does it cost?– 250€– I will think about it. Even more unsettling messages stare at me from the billboards and shop windows: “It’s the perfect gift for her”…
What Are My Basic Monthly Expenses?
The road to financial independence always comes down to two factors: income and expenses. One side of the equation is how much money I earn every month and the other is how much I spend. Although I am a firm believer that I am the creator of my reality, the truth is that increasing one’s income…
