How to prepare for a personal financial crisis?

Sun Tzu of the Art of War once said, in time of peace prepare for war and in time of war prepare for peace.  He also stated that a victorious commander is one who makes more calculations. Applying this ancient Chinese wisdom in personal finance, we can tell that a crisis can be overcome by [...]

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 – [...]

Money Bible Verses: On Budgeting

In the first two articles of the series Money Bible Verses, we have shared what the Holy Scriptures said about investing and debts. This time, we will move to the Bible passages that discuss budgeting. Budgeting can be relative to all of us, whether we are rich or poor, business owners or employees, and young [...]

The important key to effective budgeting

Budgeting is like enacting our spending, earning and saving today what we will do in the future. In other words, it is a process of bringing in a piece of paper or spreadsheet the lists of our planned revenues and expenses. The objective is to minimize expenditures, maximize earning, and fuel our savings. Budget may [...]

How to Build an Emergency Fund

In today’s world, in American and elsewhere, most people live “hand-to-mouth” or week to week. That means the average person earns just enough money to meet his or her expenses before the funds run out and the process repeats itself the following week … or month. It’s no secret that the cost of living has [...]

How to Control Your Spending

If you’re like most people, you like to spend money. It is fun to go to the mall and stop in the many stores you’ll find there … more fun to buy something.  Lots of people also enjoy “going wild” when it comes to their entertainment budget. After all, eating at a restaurant, going to [...]