How to manage your personal finances (the manager’s way)

We always want to put strength and stability in our personal finances. This is because no one usually wants a ruined financial condition. People always think and crave for financial success. However, only few of them realize that success. The reason is – we always think, but we lack actions.  Another deeper reason is – yes we have plans and actions, but we lack strategic plans and actions. Here comes management, a system that will help us achieve our personal financial goals. But how? Do we need to have management savvy to put effective personal financial management system in action? The truth is…we just Read more

Can gluttony make us poor?

Can gluttony really make us poor? Yes it can, as well as drunkenness. Even the Bible has warned people to not be tied up with gluttons and drunkards because they become poor.

“Do not join those who drink too much wine or gorge themselves on meat, for drunkards and gluttons become poor, and drowsiness clothes them in rags. – Proverbs 23:20-21”

Spending too much on foods and wines can exhaust our money and even our unsold assets Read more

How to reduce your monthly expenses?

We are facing a monthly challenge, and that is how we can manage our monthly expenses. Business, professional, personal and household expenses are spent because we need or we want them. But sometimes coping our expenditures become a hard task that usually goes beyond our income and resources. The result is falling into debt and other financial troubles. Who wants to have stability in his or her personal finances? Of course everyone wants. That’s why, we should learn how to handle and tame our expenses daily, weekly, monthly, yearly or even permanently. The following are ways Read more

5 ways to avoid poverty and becoming poor

Who wants to become poor? Who wants to become a prisoner of poverty? Probably, no one wants to become poor. We dream of riches. We desire it not only for our own happiness and consumption. We want it also for our family and maybe for our country. But being rich is not an easy task and avoiding poverty is not a goal that is usually achieved. However, avoiding ourselves to become poor lies in our own hands. The following are five tips to secure ourselves and avoid financial deficiency. Read more

How to Save Money on Your Electric Bill

Electricity plays an essential role in the effective running of the day-to-day activities whether at home or at the work place. As such, electricity bills will vary from one individual to another in accordance with the needs being met and considering the  rate at which expenses are skyrocketing, it is essential to ensure that you save as much energy as possible to reduce the electric bill. As essential as the commodity is, the bottom line is that if utmost care is not taken, then the cost will keeps rising and cutting deep into your pocket and yet there are simple steps through which you can cut down on costs. Read more

How to Save Money on Your Food Expenses

Buying food whether for an individual, a small or large family is one of the most expensive household expenses. This is largely determined by the diversity of preferences of those in the household. Most folk are always finding ways to stay healthy but at the same time to lower the amount of money they are using on food. It is not a difficult compromise to strike, if you do a little bit of planning and prioritizing and soon you will find that your budget is outstandingly reasonable and manageable. Here is how to go about it:

Eat from Home. In a time of recession Read more

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