I first heard about no-spend challenge from an episode of the Stacking Benjamins podcast where Joe, OG, and the gang interviewed Jen Smith from Modern Frugality about how implementing No Spend Challenge helped her to compensate for budget flubs. What is a No Spend Challenge? When I googled about “No Spend Challenge”, I found that…
2018 has been a good year for me, both financially and career-wise. On the career front, the new company I joined in late 2017 treats me well and the team is pretty awesome. The work I do there have been meaningful and fulfilling. The monthly income derived from this work is more than sufficient for…
SHARE YOUR FEEDBACK Your help is needed You are reading this post because you have some questions about your CPF and are seeking answers for them. I built this CPF Tracker spreadsheet tool 5 years ago to help me forecast what the Full Retirement Sum is likely to be when I am 55 and how…
US Senator Elizabeth Warren popularized the 50/20/30 budget rule in her book “All Your Worth: The Ultimate Lifetime Money Plan.” The basic rule is to divide after-tax income, spending 50% on needs and 30% on wants while allocating 20% to savings. Thereafter, experts have been recommending consumers to save 10-20% of their income. Even in…
In online forums and Facebook groups that I’m a part of, it’s heartening to see that many young adults are asking questions about managing their personal finances. How much emergency funds should I have? What type of insurance should I buy? How much insurance coverage is considered enough? Where should I invest my money in?…
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.