For many, your twenties are the years in which your finances are the most stretched. You’re probably trying to save for a house, a new car or a trip, as well as trying to keep up appearances at all the social events. But it’s also the time in your life when you should be setting yourself up to be financially secure for years to come.
So how do you balance it all and learn to take control of your finances?
Ah, your sweet 20s. It’s absolutely guaranteed that you will have one sack full of adventures and another full of mistakes.
But that doesn’t mean you don’t need to think about what financial shape you’ll be in once you do say hello to that inevitable 30th birthday. Because it’s about then that you may be wondering about buying a house, starting a family, and perhaps even planning for the future with healthy personal finance habits in the bank.
Saving in your 20s is hard, and racking up a mountain of debt is easy. But don’t fret – it’s never too late to start blasting that 20-something debt and setting off on the road to a bright financial future. Continue reading “5 ways to avoid debt in your 20s”
With Valentine’s Day coming up this week, loved up couples everywhere are talking dinner plans, presents and romantic gestures. But there’s one other thing you might want to bring up with your special someone and that’s money.
Because, ok, while financial discussions might not seem like the most romantic topic under the sun, havingan open and honest conversation with your partner about money management and financial goals is an important step in any relationship.
Call us romantics, but if you have someone special in your life, you should be celebrating that love on a regularly basis – not just on Valentine’s Day. The smaller gestures make a big difference. However, we don’t blame you if you want to take that special someone out for a date this Valentine’s Day. But no need to spend a fortune because that’s not what romance is about.
It’s a word many of us associate with being cheap, mean with money or stingy – just like Scrooge McDuck. Although wealthy, Disney’s Scrooge is a particularly greedy, cruel and selfish miser who keeps his cash in a giant money bin and is reluctant to even pay Donald a mere 5 cents an hour to polish his coins.
But Scrooge gives the word ‘frugal’ a very bad name. Taken out of the Disney world, some might think a frugal duck is one who is paranoid about money, stealing everything not nailed down from a hotel room and stashing 25 cafe satchels of sugar in their pockets after a coffee.
But frugal just means fiscally conservative – or smart with money. And who doesn’t want to be smart?
Here are the real benefits of being a bit more frugal:
Unfortunately, slotting a handful of gold coins in a piggy bank at the end of the day won’t get you much further than across the road for a coffee. In order to get that South of France tan, you need to know how to budget – and budget well.
Fortunately for you, we’ve put together a list of tips and tricks that’ll get you halfway around the world before you can say ‘Brexit’, simply follow these seven steps.
The beauty of budgeting is that it helps you realise when you’re making ridiculous impulse purchases at IKEA again, but what a lot of Australians don’t realise is that a bundle of that extra money you could be saving each month is disguised as ‘essential purchases’ in your budget.
Here are 10 ways to trim the fat from your budget this year and save a bucket load.
I never liked New Year’s resolutions. As a free-spirit, the idea of committing to one single goal for an entire year is NOT exciting. By mid-February, I’m usually bored, out of willpower, and looking for another adventure.
But twelve one-month long experimental resolutions? Now there’s an idea…