Frugal living and saving money are the key to financial success. Here are some of the reasons why people have difficulty in saving:
Inability to manage income
Lack of knowledge on personal finances management is one of the major reasons why people find difficulty saving money. Knowing how to save effectively is the first step to successful saving.
Increasing household expenses
This is unavoidable where we do not have control over the increasing prices of basic commodities, utilities, and other expenses depending on economic state. We can only control consumption such as reducing electrical bills by reducing electrical appliances usage.
Overspending and Irresponsible use of credit cardIf lifestyle expenses exceeds income, there will be an imbalance with personal finances. One of the most common cause of overspending is the irresponsible use of credit card. Many have gone into debt because of the unpaid bills from credit card with its ballooning charges. It is therefore impossible to save money if there are pending debt.
-
Care and safety use of contact lenses will spare you from eye infection. Here are some of safety tips you can do to protect them: ...
-
Have you collected Barbie dolls? Know interesting facts about the origin of the famous doll. A Barbie doll is a fashion toy, where mo... -
It is not enough that we protect ourselves while travelling, securing our home will be the next important thing to prepare before departur...
