By continuing your visit to this site, you accept the use of cookies. They ensure the proper functioning of our services, analytics tools and display of relevant ads. Learn more about cookies and control them

Not yet registered? Create a OverBlog!

Create my blog

How to make smart financial moves

The ability to make smart financial moves and decisions is vital for your success in both your personal and professional life. Thus, you must constantly hone and fine tune your personal finance skills in order to be successful. The following are tips on how people can be smart movers when it comes finances.

Improve your financial literacy

Financial literacy is crucial. Unfortunately, financial literacy isn't taught at school. Skills like effective budgeting and careful financial planning are usually alien even to highly educated college graduates. Hence, it is necessary that you work hard on improving your financial literacy. Some of the simple ways on how you can improve your financial literacy include reading personal finance books, attending personal finance seminars and having a personal finance expert to mentor you.

Learn how to delay gratification

Learning how to delay gratification is also essential in making smart financial moves. Delaying gratification means prioritising certain things over others. Delaying gratification requires a lot of discipline and consistency. Nevertheless, you're good once you become accustomed to the habit of delaying gratification. Similarly, you should also forget about the saying "keeping up with the Joneses" - the Joneses usually overspend and will eventually be bankrupt. You should also determine your personal needs and separate it from your wants and other luxuries. You should first invest in a living property like a home or an apartment before buying luxuries.

Don't spend money that you don't have

Overspending is often the root of most people's financial troubles. Basic personal finance principles teach people to live below one's means and to spend money not exceeding one's total monthly cash flow (minus taxes and savings). While the proper use of credit can reap financial dividends, most people are ineffective when it comes to using their credit cards and their credit lines. Thus, it is better to avoid credit as much as possible.

Discover new skills, expand your expertise

Discovering new skills and expanding your expertise is a smart move, not just for your career and finances, but also in your personal life choices. Learning a little about everything can provide you with countless of opportunities for career growth and can yield you greater financial rewards. Taking short courses or additional units in a different field can be fun, challenging and rewarding.

Same category articles Accounting

How to use a military retirement calculator

How to use a military retirement calculator

A military retirement calculator is used by military employees in order to calculate their retirement packages based on their active period of service in the army. The military calculator also helps to determine the right plan applicable to military personnel.
How to obtain a copy of birth certificate in UK

How to obtain a copy of birth certificate in UK

All births in the UK must be registered with the Registrar of Births, Deaths and Marriages in the district where the baby is born. In England and Wales, the birth must be registered within 42 days, and in Scotland within 21 days. If you need to obtain a copy of a birth certificate, you must contact either the Register Office where the birth was registered, or the General Register Office (GRO).
How to use a return on investment calculator

How to use a return on investment calculator

Return on investment (ROI) is a measure used to evaluate and analyse the performance of investment portfolios. It is important to know how to use the return on investment calculator in order to correctly interpret and compare the benefits on investments of different investment portfolios. Thus, this text highlight on how the ROI calculator is used.
How to join the Institute of Chartered Accountants

How to join the Institute of Chartered Accountants

The Institute of Chartered Accountants in England and Wales (ICAEW) supports many thousands of accountants across the world. Members have access to many information resources, local networks and can use the ACA designation. You can join the ICAEW either as a graduate or as a member of another recognised accounting body. This article provides a guide to joining the Institute of Chartered Accountants.