Walking home from work I use to call my mum and a few weeks ago we had a conversation about how some people are never satisfied no matter how they live or what they own. Our conclusion were that you cannot become rich until you’re happy with what you already have.
Cheap Karma
This week on #FFF I would like to introduce all of you to a new concept that leads to financial success, I would like to introduce you to cheap karma!
What is Cheap Karma?
When you have adopted a financially sustainable and aware lifestyle where you cut unnecessary costs by actively evaluating and looking for cheaper options,
“There is no one who would guarantee you”
The beautiful part about personal finances is that you have complete control over it, the scary part about personal finances is that you are 100% responsible for it. The financial situation you are in today is the situation you put yourself in. Everyone has different starting points in life, some are born into a family with more money and some with less. It is the financial journey you take in life that is up to you and you are the one who determines where the financial finish line will be.
April Envelope Challenge – Money Management
Tomorrow is a new month so let’s do a money management challenge, the April envelope challenge! This is perfect if you feel a bit stuck with your personal finances, if budgeting just isn’t that much fun or if you want some change and excitement in your financial life.
“Is for You to Not Have Any.”
Katherine Whitehorn, a British journalist born in 1928, once said this quote that came to be one of my favorites. Understanding how to manage money is based on respecting money. When money is limited you not only have to manage it but you also learn to respect it.
The Social Pressure to Spend
I’m sitting in the bar with a group of friends having a good time, we’re about to toast and that awkward moment comes when I have nothing to toast with because I didn’t want to spend money on a beer. Okay, let’s evaluate the situation,I’m not a big fan of beer, I neither like nor dislike the taste very much. I wouldn’t be drinking because I’m thirsty since water is for free and I wouldn’t drink to get drunk in these situations. The beer serves me no good other than being “one in the group”, and this, my friends, is what we call the social pressure to spend.
“Is Where My Mind Will Put Me.”
These are the words I heard after a 50 min workout together with my sister and Billy Blanks. Yes, I did those at home video exercises that were popular in the 80’s, and it’s actually really good (and only a one time fee buying the dvd).
Basics of Saving
If we look at the most basic definition of saving there are only two requirements:
- Have some sort of income.
- Do not spend money.
Fulfill these two requirements and you are guaranteed to save money. Sounds simple, right?
“You’re Robbing Your Future Self.”
Nathan is a personal finance expert and he spreads his knowledge through writing, speaking and coaching finance. He is an advocate for debt-free living which we can tell from this quote.
Let’s think about what a loan is.
Are You Spending or Wasting Your Money?
During one month we manage to spend a lot of money, but one question we all should ask ourselves is, are we spending or wasting our money? The difference between spending and wasting is that when you spend money you are buying something that you really need or value, something that matters, and when you are wasting money you are buying things you could live equally well without