Managing your finances becomes extremely important when you lose your job. Your cash inflow drops suddenly and substantially, but your expenses do not lessen proportionally. The most important thing to do if you get laid off is to keep your spirits up and plan your finances carefully. Here are a few tips on how to manage your finances when unemployed. [Read more…]
How to Ensure a Comfortable Post-Retirement Life
People are often unable to retire as early as they had planned. Either they do not have enough money in their retirement fund or they have debts piled up, and they have to keep working to get rid of them. To be able to retire early, you have to carefully plan your finances and maintain a strict control on your expenses. [Read more…]
Prioritizing Your Financial Goals for Wealth Building
I consider prioritizing financial goals and money allocation as the most important part of financial planning. People are often faced with questions of whether to repay debt, save or invest money. If you have to choose between these goals, then your current financial situation should be your best guide [Read more…]
