5 Ways to Recognise Emotional Spending

Emotional spending, also known as retail therapy, is a common behavior that many people engage in without even realizing it. It’s the act of using shopping to cope with emotions, whether it be stress, sadness, loneliness, or even happiness. While it may provide a temporary boost, emotional spending can have serious consequences for your financial well-being. In this article, we will explore ways in which you can notice if you’re spending emotionally and offer practical tips to curb this habit.

Why It’s Better to be Cashless and Go Digital

Are you tired of carrying around a bulky wallet filled with crumpled-up cash and receipts? Do you worry about the security risks of carrying large amounts of money? If so, it might be time to consider leaving cash behind and going digital with your payments. This blog post will explore the benefits of ditching cash in favour of digital payment methods and how to make the transition go smoothly.

The 20/30/50 budgeting rule

You’re the boss of your money, and the 20/30/50 rule puts your delegation skills to work. The overarching concept of the rule is to divide and conquer and allocate a specific percentage of your income to a particular area in your financial life. In this rule, 50% of your payment goes to necessities, 30% goes to lifestyle and 20% is set aside for long-term savings.