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Showing posts with the label finances

How to create a budget that won't stress you out.

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Image: http://tiny.cc/on9xoz Being that we're now in lockdown and I'm staying at home with my parents and siblings for the whole time, one thing that I genuinely miss during this period is working on my personal spreadsheet, since now most of my needs are being provided for without me having to expend from my own purse (thank goodness!). A few weeks ago before all this happened, I'd grown used to filling in my budget spreadsheets with weekly expenditures. I'd sit down with my laptop every Saturday evening and begin   figuring out the best way to fit my large personal expenditures for the following week into my small available income.  While budgeting and following a specific budget structure might be stressing to some, I personally find it very interesting. Budgeting can mean to stress us out in most cases because we somehow tend to want to follow very many rules. Yes, sometimes we learn a lot of phenomenal ideas about managing finances that promise to ...

Emergency Fund

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photo adopted from: unsplash.com I used to wonder how wealthy people could maintain the same standard of living year in and year out, even when the news told us that that person's economic life was crumbling. Somehow they managed to live the same kind of life they had always lived. I went to school with the daughters and sons of  some of these wealthy people, but whether they left office or went out of business, they still managed to pay up the school fees fully and on time, not to mention that their children's buys still overflowed at the school canteen. Their season(s) of economic struggle didn't seem to ever reflect in their lives, at least not in their children's lives. When I met the concept of Emergency Fund, I immediately knew that this had to be the trick. It was the magic that helped wealthy people to maintain the same standard of living even during their downtime as they figured out how to get back on their feet. I met this amazing conc...