You have a bad day, so you treat yourself to a new pair of shoes or an expensive meal. You feel good in the moment, but later on, you realize that you’ve spent way more money than you should have. This is emotional spending, and it can wreak havoc on your finances. In this blog post, we’ll explore what emotional spending is, why we do it, and most importantly, how to overcome it.
Why saving can be difficult (and how to overcome challenges)? Saving money can be one of the most difficult financial goals to achieve. Whether it’s because of unexpected expenses, lack of financial literacy, or simply not having enough money to begin with, saving can be… Read More »Why saving can be difficult?
“Save each month” is one of the most common New Year’s resolutions. Therefore, we are giving the topic the necessary attention. Let’s look at some simple strategies that will help you save money on a regular basis, while also supporting you in keeping your budget… Read More »Saving – 3 Simple Strategies
Let’s be honest – budgeting can be a very boring task, and many of us just don’t like doing it. Tracking every expense on a daily basis? Sounds tedious and time-consuming. But it can also be a very important exercise in your life to see… Read More »Do you need budgeting?
No matter if you are doing it alone or with a financial adviser, the first step in financial planning is to gather a lot of bits and pieces that represent your net worth. You need to look holistically at all your assets and liabilities and… Read More »Map Your Net Worth
Like any other planning activity, financial planning might feel uncomfortable at first. Discomfort origins might range from not feeling completely secure about what to do or when, through complex new terms, to pure fear that it might turn out you cannot reach your goals and… Read More »Why do you need financial planning?
“Your goals are the road maps that guide you and show you what is possible for your life” Les Brown Having goals as part of your financial planning could be the difference between simple saving for rainy days and inspirational life. When you approach your… Read More »Goals: from Dreams to Reality