How many different apps do you have open on your phone right now? How many tabs on your internet browser? And how many different e-mail threads and Facebook messages? If you’re like most people, you probably have a lot of each of these – too many, in fact. The myth of multitasking has seeped into […]
A Swedish book was on my list for this week but unfortunately, it doesn’t exist in English. Therefore, I will do my best to share the essence of it and make you feel like you’ve read it. Instead of doing a traditional summary of the book, I will simply take out parts from every chapter […]
Writing in times of trouble can be hard. As my country is going through an economic crisis, I thought I should be writing about ways to face it. I hope none of you would ever go through this. However if you do, here are some tips I found useful.
Create a budget plan: it can be weekly, monthly or yearly, concerning your spending decisions on important and necessary stuff. It is crucial to track your expenses to see how much and where you spend your money.
Set your priorities and spend accordingly.
Change your way of living: eat less outside because we all know it can be pricey; shop less on unnecessary stuff and stick on needs and not on desires. In other words, switch on the survival mode.
Maximize your liquid savings and don’t invest in high-risk investments.
Pay your debts.
Keep up with routine maintenance: whether it is a medical routine or a mechanical one, keeping your components on good conditions will help you save money. Dealing with the problem when it is small is way better then facing a major disruption.
These are some few helpful tips among many others. I am no financial expert but one can learn a lot from their own experience. If you have other tips, I would love to read these in the comment box below.