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Money can be an uncomfortable topic to talk about even among couples. There is a fine balance to keep when discussing financial matters as it can make or break your relationship. As unpleasant as it is for some couples to discuss their finances, managing your money as a couple is important – especially if you are planning for the future that involves children, college funds, and retirement plans. 1. Set A Time and Occasion to ‘Have the Talk’ It is easy to keep putting off uncomfortable discussions, especially when both parties would much rather avoid having the conversation. This could[…]

Find yourself emptying the coins from your pockets or rummaging through the coin box in your car for spare cash every other month? You may be living beyond your means when you constantly find yourself stressed out over money. It’s barely halfway through the month but you’re already stocking your kitchen with instant noodles. Sometimes overspending may also be a sign of underlying emotional stress which causes people to comfort themselves through ‘retail therapy’. Our lifestyle choices dictate our spending habits. The way you choose to spend that extra dollar bill in your wallet is a choice. It would not[…]

Finally, after years of battling endless exams, teenage acne and crippling anxiety from the fear of being shunned by your peers, you’ve crossed the line into adulthood. You’ve just landed your very first job, one of the lucky few from your cohort to do so, and so soon after graduation. The rollercoaster is over, the intensity of your problems will soon pitter out because finally, you’re in the clear. Compared to the angst and grief of your teenage mutant (not quite a ninja) turtle years and the desperate frugality of college life, adulthood is going to be a breeze…right?  If[…]

It’s that time of the year, bring out the pen and paper for new year resolutions. If you are planning on making new year resolutions that are financially relevant in 2020, then stay on board and let’s look at the options. Thinking about improving your financial state and to have good financial health for 2020 is a great mindset to have for the new year. On your own, reflect on 2019. Are you happy with how it went? If you could do things differently about your finances and lifestyle in the previous year, what would they be? Now it’s a[…]

If you find yourself to be short of cash every month, then most likely you have some spending leaks that you need to identify and put a plug to it. Having no money left can be very troublesome as you never know when a financial emergency might hit you. It is best to do a financial check-up every quarter to determine if you are living from paycheck to paycheck. This may help you to identify some common money mistakes and spending leaks. 1. Lifestyle choices Why are so many of us living life from one trend to another? I’ve personally[…]

Overspending. Why do people still do it if it’s so detrimental to our financial health? Could it be that temporary high, that euphoric moment and the rush of adrenaline? How many of us are familiar with these feelings whenever we purchase something? But oops, bummer. It all dies down the moment the parcel arrives. That 3rd bag goes into the closet – never seeing daylight again, and you convince yourself you’ll need it – “just in case”. Is this behaviour more common than we think? A study done in 2014 shows that we make 40-80% of our purchases on impulse,[…]

So you did it. You managed to talk your parents into letting you move to the big city and now you’re finally on the road to independence! All that is left is to find a place to stay with your friends and split the rent, easy stuff! Right?  Wrong!  Getting your own place isn’t just paying for the rent. You’ve got bills to think of, the water, the gas, the Wifi…But how should you approach this if this is your first time? Figure Out Your Financial Standing If this is the first time you’re stepping into financial independence, then this[…]

As a generation focused on living in the moment, millennials are prone to making big mistakes with their finances. We spend too much time on online shopping, streaming websites, viral restaurants etc. But no worries, because these are the money missteps this generation is making and here’s how to combat them! 1. Not Setting Up an Emergency Fund Life is often unpredictable which is why emergency funds are important! When unexpected situations occur – medical issues or a job loss – it is crucial that we have a fallback account to rely on as an extra measure. But millennials are[…]

Have you ever been in a situation where just last week, you had all the money in the world but today, your wallet is as empty as the day you bought it. Did you scratch your head, head shaking in confusion, wondering where on Earth did your money go? Have you ever been so frustrated in yourself because when will you ever learn how to manage your money properly? FEAR NOT! We have a solution for you and this solution is called JARS Money Management System, a 6 jars method! The 6 jars method requires you to split your income[…]

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