
THE Financial Advice That You Need to Hear Right Now

Money talks.
Money makes the world go round.
These are some of the things you might’ve heard while growing up. Finances have taken up all the attention lately especially in the post-pandemic world. As the world continues to fight against the deadly threat, it also faces the harsh reality of the fragile economy and the growing poverty in many countries.

Unsplash | Months of wait and a couple of dozen new vaccines later, the world is finally ready to open again
The Future of Finance
Now many people are hoping to make ends meet by working extra jobs and intense hours but, will it help? For the time being, they might be able to take control of their situation but in the long run, it isn’t sustainable. Logically speaking, once you’ve started working and are paying bills, you have to consider your future; your retirement plan, emergency fund, funds for college, or a mortgage. These things are important and their significance continues to grow. So, how can one manage their finances and become more financially responsible? That, we’ll try to answer.
Does One Size Fit All?
When you reach out to someone for financial advice, they will tell you to “save money and invest as much as you can”. While this might sound like good advice, it’s rarely doable. People have different circumstances; different plans and different modes of income, so applying this advice won’t always prove to be a good idea. However, what WILL be a good idea is if everyone would practice a ‘frugal mentality’.

Pexels | Perhaps pinching your pennies isn’t a bad idea after all
Frugal Mentality
Having a frugal mentality doesn’t entail giving up on everything but, it is about saving as much money as you can. Frugal mentality advocates for people to make rational decisions when it comes to their financial decisions. The main goal is to ‘opt for the base model’.
For example, if you plan on getting a phone, make sure you get something that has all the necessary features without the extra price tag. Don’t let the glamour phones come with now a day cloud your judgment.
One thing that people tend to ignore is the fact that just because they can afford the latest phones doesn’t mean they should get them. Most of the latest technology is just fueled by marketing gimmicks and a few adjustments here and there. They don’t usually bring a lot to the table. So when you think of it, you can save a good amount of money next time you buy something.

Pexels | You purchase something for the need of it, not the looks of the style of it.
Believe it or not, the serotonin you get from buying fancy items only lasts a few days BUT the money you save from not buying those items goes a long way.
More in Investments & Savings
-
`
Choose The Right Retirement Plan! Here Are Your Best Options
After entering the job market, the only thing you hear is the importance of saving for retirement. But, even with such...
January 25, 2022 -
`
The Secret Behind Alex Meneses’ Thriving Career in Hollywood
Acting was never in the cards for Alex Meneses—growing up, her world revolved around dancing. It wasn’t until her aunt got...
January 25, 2022 -
`
Meet Naomi Osaka – the Highest-Paid Sportswoman
When Serena Williams achieved her very first Grand Slam title, Naomi Osaka was only one year old. Fast forward to nineteen...
January 21, 2022 -
`
How Do Financial Advisors Make Money?
Becoming a financial advisor is a labor of love. It means spending long hours building trust with your clients and a...
January 11, 2022 -
`
George Foreman’s Journey from Broke Ex-Boxer to Millionaire is Truly Inspiring
These days George Foreman is most recognizable as the face of an eponymous line of electric grills. Some might even only...
December 28, 2021 -
`
Struggling With Debt? Here Are Some Tips to Help You
The moment you graduate high school and step into practical life, you are hit with bills, loans, and all sorts of...
December 6, 2021 -
`
Learn These Financial Lessons In Your 30s If You Want to Enjoy Your 50s
It almost feels like yesterday when you were in high school and making decisions about what you are going to do...
December 4, 2021 -
`
Tom Hanks’ Blood May Be the Key to COVID-19 Vaccine and He’s Already Got a Name for It
Given the severity of certain infection cases, contracting the disease caused by the novel coronavirus can be a nightmare for anyone....
November 20, 2021 -
`
Preparing for Gift-Giving Season Without Breaking The Bank
Raise your hand if you love the holiday season… There’s just something about the end-of-year vibe that keeps you happy and...
November 5, 2021
You must be logged in to post a comment Login