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“Think logically, don't FOMO in when everyone else is excited — be patient.” - They said and were right.

Now the market has many more participants and many more factors of influence than it used to be. An environment that is rapidly changing due to technological advances such as e-commerce is making financial markets fast and volatile. To keep your finger on the pulse and control your finances, you need to devote more time and energy to making rational spending decisions.

FOMO (fear of missing out) usually consumes us and can make us do things that are out of character for us. Combining our emotions with financial decisions can be risky.

When we see a great opportunity to make more money, or when a friend says that he won a huge amount in the lottery. Our rational brain starts to play hide-and-seek.

Therefore, it is very important to control yourself, especially if your decisions involve large financial investments, it is important to calculate the pros and cons here. This is the only way to protect yourself from rash expenses and maintain your financial stability.

Money is the main cause of stress for adults. Almost all of us have experienced money stress at some point, to the point where it seems best to bury our heads in the sand and forego new purchases altogether.

When we think about spending money wisely, we usually focus on getting the best product at the lowest price. We compare stores and view all possible promotions, discounts and sales. We focus on finding special and limited-by-time offers. However, do not forget that shopping can play a big role in a person's life, especially when it comes to new experiences or knowledge.

You don't have to be a financial expert to understand how to handle money. Each of us can take steps to achieve greater financial literacy and freedom! It all starts with effective money management.

It takes practice to learn how to spend and manage money wisely. At first, you may need to make changes to your budget and expenses to achieve your goals. Stay flexible and try to make money management a part of your daily routine - it's worth it!

Simple rules like setting financial goals, making a realistic budget, and keeping track of your daily expenses will all help you be financially responsible.

There are rules designed to help people manage their money and save for emergencies. Everyone can choose the most appropriate way to control funds.

For example, the 50-20-30 (or 50-30-20) budgeting rule is an intuitive and simple plan that will help people reach their financial goals.

50% - are your needs, those bills that you must pay, this is what is necessary for life. This includes rent, food, insurance, medical care, minimum debt, and utilities. This is your "must have".

30% - is your "want", everything that you spend money on, but this is not a necessity. This includes dinner at a restaurant and going to the movies, a new handbag, tickets to sports events, vacations, and a new electronic gadget. Any of this is optional and other alternatives can be found. You can work out at home instead of going to the gym, cook at home instead of going to a restaurant, or watch sports on TV instead of buying tickets to a game.

And finally, try to set aside 20% of your net income for savings and investments. This may include adding funds to a bank account and investing in the stock market. You should have at least three months of emergency savings in case you lose your job or something unexpected happens. After that, focus on achieving other financial goals in the future.

For some of us, money management seems to be complicated and confusing. Therefore, we tend to avoid it until something serious happens, and we have no choice but to take up financial management.

Don't wait until your money is out of your control. Managing money is not so difficult, it requires desire, some free time and self-organization.

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