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Financial Habits For Success:  In their paper on financial planning in the Journal of Economics in 2003, Ameriks et al. posed the question of how households that begin with a similar level of wealth and income tend to diverge over time, with some becoming wealthier, while others did not. A leading indicator for future wealth was “propensity to plan,”
Mastering personal finance demands more than just maintaining a budget. Once you’re saving more than you make, and you have a comfortable emergency fund, you’ll need to start thinking about how to maintain and grow your wealth. Even though inflation may now be under control, we’ve still seen a period of relatively high inflation, that left the salaries of
4 hours and 49 minutes – that is how much time the average American spends watching TV per day. Live TV accounts for 2 hours 53 minutes, time-shifted TV for 34 minutes, and on-demand streaming for 1 hour 22 minutes. That’s according to a report from Nielsen, a global data measurement firm.  According to their findings, 82% of viewers
Our customers at BudgetBakers are, we feel confident in saying: very disciplined in their personal finances. And yet, there are some budgeting failure scenarios that are almost impossible to avoid. This will be a light hearted post about 11 of those budgeting fails. Plus some budgeting pro tips. Ever done an epic fail of budgeting? You’re not alone! Let’s
You probably spend more on monthly subscriptions than you think – a lot more. That’s what a study by West Monroe, a Chicago-based technology consulting firm, suggests. In their comparison between 2018 and 2021, they show how much the average American spent on subscription services over these three years and how much they underestimated their spending.  West Monroe surveyed
EU consumers have been paying exorbitant prices for gas, electricity and oil since 2021 – and the trend is rising. Partly because of greater demand and rising wholesale prices, partly because of the war in Ukraine and a possible embargo. Here’s how high EU energy costs in 2022 will be. Find out what you’ll be paying and how you
You’re finally doing a job you love and are earning a good enough salary. But is your money running out too soon? Do you find yourself frustrated just days after payday, struggling to come up with ways to pay that nth bill? And, would a tiny emergency send your finances into a tailspin? You’d be surprised to know that,
All of us are busy and have to remember to do a lot of things. It is, then, quite possible that we may miss out on a few important things. And, maybe these small things are what makes the real difference to our health, relationships, career or dreams. We set out to help ordinary people lead a rich life
Is anxiety your first reaction to your finances? Are you worried that you will soon be drowning in debt? Or, are you convinced that you are never going to save enough money to enjoy the good things in life? A lot of us wait for our finances to hit rock-bottom to actually take a look at what’s going wrong.
It is only when you start living on your own and paying for everything yourself, that most people realise that financial ‘adulting’ is not all that fun! Ghent-based content engineer Sofie Vandenhoven, who had only recently graduated, didn’t take too long to figure that most of what she earned was slipping away too fast. Earning all the money back
We’ve all done it! We’ve bought something we don’t really need, spent money on an impulse, tucked something away because we didn’t like it after using it just once or even given something away because we never used it. The question we have asked ourselves whenever we did any of this was, “why did I even buy this in
As some of you have noticed, we have an exciting new addition to our armor of money managing features–weekly reports. They are concise, yet insightful capsules of data regarding your finances that’ll keep you motivated and informed on the go. By now, you know that knowledge is power when it comes to managing your money. And, these reports give
So when do we know that Summer has officially come to an end? Yes, of course, when it’s time to start buying back-to-school supplies. Whether you are a student or a parent, this is a tough time in terms of your finances, because, you do want to stretch that dollar but also want to make sure that you can
Learn the ropes on how to save money while travelling We live in the age of experiences and millennials are the ones who seek them more. Travel has become their middle name and, being the hustlers they are, it is safe to say that millennials are the ones who make sure they stretch their dollars the most while on
We live in the age of the sharing economy and the way we travel is changing with each passing day. Most of us are already letting others use our homes, cars and other assets and making money by just sharing what we own. But today we’re going to talk about a different way of sharing and spreading happiness while

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