Finance - page 4

Impulsive spending – How to stop

Darryl Bachmeier Aug 10, 2020 Finance

If you constantly feel the need to shop at every whim, you need to stop and see if your shopping has become an impulse of yours. If you have new packages coming to your house every day, or you realize that you are spending way too much time in malls and grocery centers, this is a sign to self-reflect. What is Impulsive Shopping? As the name suggests, impulsive shopping is the thoughtless shopping for unnecessary shopping at every whim. This can start from weekly shopping sprees from your local mall to shopping online on the go, impulsive shopping has now become a problem in the digital world where everything is just one click away. What triggers impulsive shopping? Impulsive shopping has certain triggers that can make you buy aimlessly. Each person has certain triggers that make them purchase items they don’t need but feel the need to spend money on...

How to spend less than you make

Darryl Bachmeier Aug 8, 2020 Finance

Do you find yourself struggling near the end of the month to keep with your finances? Perhaps this is because you have not yet applied the golden rule of personal finance in your life, which is to spend less than you make. The urge to spend money as soon as the bank credit notification hits your phone is unavoidable. This is why people go into debt and end up jeopardizing their monthly budgets. In this article, we will go over some of the benefits of internalizing this habit, how you can master it, and what you can do to expand your overall income as well. Let’s begin! What are the benefits? One of the best feelings in the world is to be debt-free. In this hyper-consumerism society, we tend to spend on things we can’t afford in the first place, putting us in debt for the days to come. Being...

How to reduce energy costs

Darryl Bachmeier Aug 6, 2020 Finance

Once you live on your own and start paying your utility bills, you may have a rough awareness of energy costs. If you have never thought about something like the use of electricity, it may take a minute to get into the habit of taking care of other appliances. Why reduce energy costs? Most of the homeowners are often searching the ways to save money and the environment, and one simple way to do this is by minimising unnecessary energy use. By updating or changing the way you use your home appliances, you can increase your home’s efficiency, protect the environment, and save convenience on your annual utility bills. Here are some ways to reduce the use of electricity in your home: Equipment and Electronics Buy energy-efficient electronic items and use them efficiently. You can also use the advanced power strip to reduce “vampire loads” - electricity wasted when electronics...

High Cost of Being Overweight

Darryl Bachmeier Aug 4, 2020 Finance

Did you know that being overweight is marked abnormal by the World Health Organization? Yes. If your BMI (Body Mass Index) is equal to or more than 30, then you are officially abnormal to the eyes of the world health organization. Being excessively fat, a label of abnormal is not the only thing you have to worry about. There are health diseases, social life costs, and more big things that will need your concern. This not only includes mental problems but also high financial costs as well. Health Costs Let’s begin with the cost of your health. Because it is the most valuable thing anyone possesses. Being overweight, you need to prepare yourself for many probable health problems that will cost a loss of money for treatment. If your BMI is above 30, there is a high chance that you will suffer from diabetes, heart disease, stroke, and high blood...

Frugality - Quest of Finding Free Stuff

Darryl Bachmeier Jul 30, 2020 Finance

We, humans, have a habit of saving things for the future. It is not a bad trait, but sometimes we go extreme with this habit. From shopping to food and traveling. In almost everything, if there is a way to be frugal, we will take it. It’s buried deep in our bones. Now in the 21st century, we are getting more frugal than ever. But being frugal is not that bad. It has many positive sides. A frugal person can prioritize the things that matter the most and spend money on them. That doesn’t mean that you will deprive yourself of all the other things. The concept of frugality is more complicated than you think. Being frugal means you create your approach of spending smartly. You prioritize things from your perspective and decide when to spend small and when to spend big. It is an interesting lifestyle if you think...

Debt Consolidation

Darryl Bachmeier Jul 28, 2020 Finance

Debt consolidation has the allure of simpler payment and lowers interest rates. You need to know what is debt consolidation and all the benefits and drawbacks it has before you consider consolidating. So, let’s talk about debt consolidation. What is Debt Consolidation? Debt consolidation is the act of taking a new loan to pay off existing debts and liabilities. It consolidates your outstanding balance from your current credit card or other financing methods. In other words, it combines multiple other debts into large debt, similar to a loan, and it generally has likable payoff terms, like a low monthly payment, low-interest rate, or a combination of both. You can use debt consolidation to pay off student loan debt, your credit card debt, and any other debts or liabilities you have.  Most people who want to consolidate their debt apply through their respective bank, credit card company, or credit union. It’s...

Owning a car – it costs way more than you think!

Darryl Bachmeier Jul 26, 2020 Finance

The Glam of owning a car Owning a car just feels right. It is a sign of comfort and luxury for many. A car is the fastest way to get to a place, without the hustle of Uber, taxi, or public bus and trains. This all sounds like a dream to a person who doesn’t have a four-wheeled friend of their own, but we need to snap back into reality. The Lore of owning a car So let’s say you have finally saved up enough money to buy yourself a car. You buy yourself a brand new car that is perfect for your needs. Have you wondered about how much it costs to maintain it? Have you gotten the car registered? Is there insurance on this car? What about the other minor things, like gas and parking? The lore just keeps getting bigger and bigger. The Expenses of owning a...

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