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How to Save Money Using a Greek Hero’s Strategy

January 15, 2019 by Ray L. 2 Comments

How to Save Money Using a Greek Heros Strategy your wealthy mind
Tagalog Version (Click Here)

*This article contains affiliate links.

The temptation to spend is everywhere. There are sales and discounts, luxury goods, and cool stuff we don’t actually need. There’s a nice new shirt or piece of clothing on the store window. There’s that little snack bar that makes your favorite food. There’s that nice set of headphones, earrings, or accessory that you want… and you do have money for all of them. It can’t hurt to buy a few, right?

A half-dozen shopping trips later, you realize that your wallet is almost empty and you barely have enough in your bank’s savings account to survive until the next payday.

The temptation to spend is everywhere and there’s always something we want to buy. We can, indeed, set a budget, but most likely we’ll overspend and break it. What should we do?

In Dan Ariely’s book, Dollars and Sense, there’s a strategy an ancient Greek hero used to avoid danger, and we can use that to save money and stop overspending. Dan called it “Ulysses contracts”, and it’s basically any strategy we use to avoid future temptation.

[Read more…]

Four Common Financial Mistakes to Avoid in Your 20s

January 10, 2019 by Contributor Leave a Comment

Four Common Financial Mistakes to Avoid in Your 20s

*Article contributed by Sarah Morris.

As a twenty-something, nothing beats the feeling of finally getting to earn money that you can call your own through your first job. Your newfound independence could send you into a frenzy that compels you to make bad decisions. However, if you don’t practice money management, you might end up broke and full of insurmountable debt by the time you reach 30.

When you’re in your 20s, you should avoid these four common financial mistakes:

[Read more…]

[Guest Post] How To Save At Home With Life Hacks

October 24, 2018 by Contributor Leave a Comment

How To Save At Home With Life Hacks guest post

A common notion that many people hold is the idea that for the important things in life, effort needs to be put forth to achieve one’s goals. While this is an honorable belief to hold, in reality sometimes finding the easy way out isn’t always a bad thing. Especially when it comes to money, the less effort you have to put forth in order to get more, the better it is. It is this way of thinking that has led countless individuals on a journey of finding simple hacks to save big bucks. Though hacks can be use in a number of places, one of the simplest and most beneficial is our own homes. To start saving money without feeling you’re doing anything outside of the norm, here are some easy hacks to start using.

 

Using Fans

During the warmer months, the annual struggle with managing the heat within our homes begins. And as we work to ensure things are at a comfortable temperature, we often end up needlessly costing ourselves as the measures we take to cool things off such as using the air conditioning can quickly add up. A better alternative would be to utilize the fans in your home, which are just as effective for far less money. The hack comes into play during the winter months in which fans can still be used to regulate the temperature in your home. During these times, set your fan to run clockwise, the opposite direction of the standard setting. This actually pulls the warm air that rises back down, which helps improve the overall feel of the room and acts as one of the easier ways to conserve energy in your home.

[Read more…]

Sampung Rason Kung Bakit Kailangan Mong Gumawa ng Emergency Fund

July 31, 2018 by Ray L. 1 Comment

Sampung Rason Kung Bakit Kailangan Mong Gumawa ng Emergency Fund - Your Wealthy Mind

English Version (Click Here)

May isa kang kailangang pag-ipunan bago ka magsimulang mag-invest, at ito ay ang emergency fund. Palagi tayong may makakaharap na problema sa buhay, at ang kaunting perang nakalaan para sa mga ito ay makakapagligtas sa atin mula sa napakaraming masasamang sitwasyon. Bukod pa roon, makakagamit rin tayo ng napakaraming magagandang oportunidad sa buhay dahil dito.

Narito ang ilang rason kung bakit kailangan mong mag-ipon para sa isang emergency fund. (Tandaan mo din ang huling beses na pinag-isipan at pinaghandaan mo ang mga ito, at kung ano ang gagawin mo kapag mangyari sila.)

[Read more…]

10 Reasons Why You Need an Emergency Fund

July 31, 2018 by Ray L. 1 Comment

10 Reasons Why You Need an Emergency Fund - Your Wealthy Mind

Tagalog Version (Click Here)

There’s one thing you need to save for before you start investing, and that is an emergency fund. Problems happen all the time and a little extra free cash saved specifically for emergencies can get us out a lot of terrible financial situations. Aside from that, it lets us pursue excellent opportunities as well.

Here are a few reasons why you need an emergency fund. (Just think about the last time you thought about these things, and what you would do if any of these ever happen.)

[Read more…]

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