Your Personal Finance Wizard
It is advised to spend 25-30% of your salary on rent. This indicates on a $60k salary you should spend $1250-$1500 on rent. However, the real-world situation is much different. Moreover, how much rent can i afford on $60k will largely depend on many other financial factors. So, in this post, I am going to … Read more
To budget money on low-income, you need to firmly track all your spending, cut unnecessary expenses, choose a suitable budget format and act accordingly then at the end of every month review your budget and minimize your spending. Tired of your financial hardship? or trying to fight this crippling inflation? My friend, an effective budget … Read more
According to Dave Ramsey, the four walls are food, shelter, utilities, transportation, and in some cases basic clothing. All of these are basic necessities that must not be left out when paying debt or creating a budget. Having a hard time paying your debts? If so then a good budget can bring your finances in … Read more
Living paycheck to paycheck refers to people whose entire salary is devoted to the necessary expenses, who have little or no savings and emergency funds. In case of emergency, they either need to borrow or wait for the next paycheck. For the past couple of years, we all have heard the phrase living paycheck to … Read more
Monthly reviews and adjustments should be the last step of your personal budget. Because it helps you to analyze your monthly costs for the month, identify your spending habits, cut unnecessary expenses and make your budget more efficient. However, this is not all. There are more advantages to it. What are they? Well, that’s what … Read more
Financial literacy is important because it provides essential knowledge and skills to manage your personal finances, help to make informed financial decisions, and better prepare for the future. Are you always tired of keeping up with the expenses while the rich people are getting richer? It’s because rich people are more financially literate. That’s why … Read more
