Creating a budget can be daunting but it provides the fundamental structure for your financial planning and keeps you on track with your financial goals.
Here are 5 simple steps to creating the budget that works for you in an infographic.
Explaining personal finance to kids can be very challenging, especially when it comes to the logic around compounding.
Here’s a simple way to explain the power of compounding with your kids. Here’s how the conversation would be like between me and my imaginary son, Tom.
We’ve crossed the middle of the year again and if you’re as lucky as I am, you should have been informed of your salary increment for 2018.
This year, I got a small increment of $195 in my monthly payroll so that’s an additional 195 one-dollar soldiers awaiting for deployment every month!
I checked my salary allocation budget that I update every year and it looks like there’s no additional expenses incurred so far. That’s good news to me because all the 195 one-dollar soldiers will be deployed to investment wealth accumulation.