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.
-
Applicants are often nervous and afraid of job interview. There is a panel interview where one or two interviewer will be present to ask th...
-
Have you collected Barbie dolls? Know interesting facts about the origin of the famous doll. A Barbie doll is a fashion toy, where mo... -
Earning money online sounds good right? But for those who experience delay of payment it is really frustrating. After the hard work and wai...