Tag Archives: finances

Investing in a Stock Market

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I consider myself as a newbie when it comes to investing in a stock market. I know that many novice investors out there stick their toes hesitantly into the stock market, testing the waters before taking the plunge. Buying your first stocks can seem almost as scary as that trip down the aisle you so recently took. That’s what my friend told me when he tried investing in stock market. However, if you play it smart, you really have very little to fear.

He told me that if you love the idea of the stock market but aren’t ready to put any of your funds on the line, consider playing the virtual stock market because it offers a free virtual stock market that you can use to get your feet wet before you invest.He also added that you should determine how much you want to invest. Consider starting with only as much money as you can afford to lose.

Timing is everything too when it comes to playing the stock market. To make the most out of your investment efforts, buying a low stocks is advisable. I have learned that the benefits of investing could help a lot in alleviating poverty and fostering economic development in the country. It is because we are earning extra money other than our regular sources of income.

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Financial Support for Tuition Fees

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I am so thankful to my mom for being so supportive when it comes to financial needs for my family. She is the one who will take care on my daughter’s monthly payment on her tuition fees in kindergarten. Aside from my daughter, she also helped my sister in law in supporting her financial needs for tuition fees so she could continue to finish her studies until she graduate from college. She’s on her 3rd year as a secondary education student were she Majored in English. 

My daughter and my sister in law are both studying in the same school. I checked  out their total payable and I noticed that my daughter’s tuition fee is quite bigger than my SIL. It seems like she’s also studying like a college student LOL! But anyway, I am once again thankful for my mom for her undying support when it comes to financial matters as she helps me, my family and our relatives as well.

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Tired of Being Financially Broke?

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Did you experienced being financially broke where you can’t hardly meet your basic needs? So do I and there is nothing to be ashamed about it. The important thing is that we learn the lessons though it.You just have to strip off those unnecessary expenses. If we can just take time to ponder, we have lots of excess finances to get rid with so we can prioritize our expenditures.

To keep being financially healthy, we have to avoid in becoming financially broke.We are responsible for where our finances are. We just have to balance everything just like using an analytical balances on the choices that we make. We can choose to say it all ends here and I’m going to start to take control of my finances. 

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Our Needs and Wants

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One of the most important aspect of financial planning is to spend our money wisely. Now, what does it mean if we are going to spend it wisely? Well, we can actually categorized it by defining what is our needs and wants. We all know how improper handling of money affects  when you spend too much of money on your wants and not on your needs, right?

The first aim should be to spend money for your needs and then take care of your wants . Once you prioritize all your expenses in these categories, then its much easy for you. Needs is something which is essential for you irrespective of your financial conditions These are the things you have to take care first and only then comes other things which you can do without  such as house expenses, child education and medical expenses.

While wants are those things that we wish to have like car,  extra vacation, clothes, accessories and many others. Some people wants can be their needs. It all depends on your personal life style and attitude but the main point there is that you have to differentiate your needs and wants.  You just have to understand the point that wants are not something which you should avoid, but your needs should not be compromised because of your wants .

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