Saving Through Frugality

When you buy mutual funds, you are charged a purchase fee upfront. This is a one-time payment to the fund management institution. Annually, you will be charged with a percentage of management fees, commonly known as “expense ratio”, which can be expensive.

Beware when advisors...

• Financial fees. Consider negotiating them with your banker or changing banks. 
• Interest for short-term debt. If you cannot avoid it completely, then use a bank that charges less interest.
• Stocks brokerage account fees. Usually comes as monthly account fee...

1. Saving: automatically transfer every month from your income into a savings account. 
2. Investing: do “dollar-cost averaging” if you’re familiar with the cave eats of trading stocks, ETFs, bonds or mutual funds. It consists of a stock trading account set to automatically b...

By following the conventional path of "school to loan to university to work" you risk running into serious debt. Being creative is a potential way to lessen or eliminate that.

Maybe finding a different and cheaper way of doing the same thing, doing a yard sale or getting a side job… Put ...

One way to save money is to identify and cut down on recurring expenses that don’t add value to your life. A good rule of thumb is to cancel if it is something you might want to use “someday.”

Even if the recurring expense offers you value, you can investigate how you can reduce it w...