saving
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Financially Independent to Retire Early: FIRE (A Strategy)
Financially Independent to Retire Early (FIRE) has become popular in the recent years especially among the millennials & Gen Z. Making it part of your financial journey would definitely add value and improve one’s financial status. Unlike previous generation’s idea of working as long as one can, FIRE has become the new movement and many jumped onto it, begun working towards the plan. The core idea of FIRE is to earn and save money to retire much before the usual 60s or 70s age. Early retirement doesn’t mean sitting idle at home. It means having the freedom to chose any activity one is interested towards and that still can be…
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Building an Emergency Fund along your financial journey (Way Forward)
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Trim wasteful expenses to boost up savings [Budgeting]
Have you ever wondered where has all the salary you’ve earned has gone? The majority of people and employees, in particular, feel that they have enough money during the beginning of the month (or) year. But by the end of it, most of us wonder as to where all the money had gone. Wasteful expenditure is one of the primary reasons for this. Fixing this will automatically improve our savings. Further, most of us think that savings need to be goal-based. Morgan Housel in his book Psychology of Money says that savings need not be done only when we are planning for a goal to be achieved. Given the uncertainty…
