Savings Archive
According to financial guru Robert Kiyosaki, the most important thing any parent can teach their child would be about money. As money in itself is a language, the nuances of this language need to be taught by parents to their children. If proper financial advice was imparted to children, they would carry these information with
A wise man once quoted, “From small beginnings come great things”, which can also be applied on saving. This is indeed a very apt statement that holds true for practically everything we do in life. We cannot start anything big without starting at the bottom. The same goes even for our bank accounts. Unless you
You can try being an exchange student to learn independence especially in handling your finances. No matter how prestigious your current university is, there are still a lot of added benefits when you give foreign universities a try even just for a few months or a semester. You won’t just learn about academics, but also
This Christmas, you don’t need to spend a lot just to feel its essence. You can find ways to cut expenses and make the most out of it. During the holidays, you won’t mind spending a lot. After all, it only comes once a year. Once the Christmas spirit is in the air, you will
Being in your 20’s means that you use the time to do whatever you want in life especially with your spending, but it is in fact the best time to save and be financially stable. It is inevitable for people in their 20’s to be carefree in terms of finding a job, going to place
Being someone of good financial standing with the bank and other financial institutions is a goal that each individual planning to get married and settle down should strive for. This means having a financial record that is either debt-free or one that has the most minimal of arrears. Such a reputation with banks and other
Budgeting, which is creating a plan of how to spend money to avoid falling into debt, should be introduced during a person’s childhood years. But training youngsters in this skill is not an easy task. Human beings are naturally inclined to spend money than save it. And this is true even with little children. But
Rest and recreation are very important in a person’s life. However, in a fast-paced society wherein working to earn money is necessary, their importance because of the benefits they bring to a person’s health and well-being appears to have been forgotten. People who are found spending time in leisure activities have sometimes even been branded
Many people fail to value the worth of hard-earned money. This is often true in a generation of children in affluent families, who are unaware of and/or have not come to appreciate what their parents have undergone to ensure their children’s financial security. It is however, every parent’s responsibility to educate his/her child with the
A clear understanding of the meaning and relationship of saving and investing is necessary for good financial management. These two (2) terms have become so common to the human ear and have been taken for granted by so many people. However, these two (2) being the basics of concepts in financial management, have great implications