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In the last few months, the term self-love has often been seen on various social and even national media. According to several definitions, self-love is a process or decision taken to please oneself in order to create happiness in human life.

Then, what is the impact and influence of self-love on family financial planning? It is undeniable that one way to apply self-love is by purchasing or consuming goods and services.

Next, after determining the motivation behind spending on self-love that will be carried out, then you can take steps to set a budget for spending self-love like this.

Determine the necessary self-love expenses.

There are 3 things that can allocate for budgeting self-love. Me time is like watching your favorite Korean drama, buying a book, or just traveling. It could also be shopping time to your favorite boutique or online shopping. Finally, pampering time, such as buying skincare, going …

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Not solely financial savings should be ready, however an emergency fund is equally vital. What’s an emergency fund? An emergency fund is cash that’s collected and solely used when it’s pressing. There are sometimes instances the place an individual has no cash left to cowl sudden, pressing bills. An emergency fund is usually a safety in opposition to this danger.

With a view to stay a calmer life, contemplate the next 5 benefits of organising an emergency fund.

No Debt Wanted

In life, there are various sudden bills that may happen. Widespread examples are damaged family gear, relations who fall unwell, or kids’s college charges. Nonetheless, some individuals may also be in debt due to an incapacity to handle funds. Organising an emergency fund will forestall you from borrowing cash from associates, household, and even mortgage sharks.

Disaster prepared

One of many benefits of an emergency fund is safety in …

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In the midst of the COVID-19 pandemic, many companies have had to cut their employees’ salaries as a solution to survive. This may be a problem for you because when payday arrives, your income is no longer as big as it used to be while expenses remain at the same nominal. Therefore, here are some tricks that you can apply before payday arrives so that your finances can be well organized.

Start with a Priority Scale

You can do this first trick by keeping a record of expenses. Enter all the expenses that you spent a few months earlier, then categorize which expenses you regularly spend every month and which don’t.

Then, do the categorization again, this time by categorizing primary expenses, secondary expenses, and tertiary expenses. These primary expenses are vital needs that must be met, such as food, electricity, water and internet. This secondary expenditure refers to needs …

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Having clear financial goals is an obligation for everyone, even for those of you who are still fresh graduates and have just started working. Clear financial goals will affect how you plan finances, for example, such as measuring the minimum amount of salary you receive during your first job interview. It’s also easy for you to project priority matters into financial planning later. Therefore, here are some financial goals that you should prioritize.

Allocation of Funds to Buy a House

Having your own home is not a matter of style at a young age. Home is a primary need that you can also prepare from a young age, moreover, housing prices are also not cheap. You obviously need quite a long time to finally collect all the costs. Besides being intended as a place to live, owning a house is also part of an important financial goal because a house …

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Having clear financial goals is an obligation for everyone, even for those of you who are still fresh graduates and have just started working. Clear financial goals will affect how you plan finances, for example, such as measuring the minimum amount of salary you receive during your first job interview. It’s also easy for you to project priority matters into financial planning later. Therefore, here are some financial goals that you should prioritize.

Emergency Fund Allocation

This financial goal is usually forgotten by many people, especially for fresh graduates who have just started working. In addition to daily needs, you also have to allocate income to be put into an emergency fund post. Emergency fund posts are intended for needs that you cannot predict in advance.

At the very least, you should allocate 10% of your total income as an emergency fund. This means, if your salary is large, then …

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