Consider what you are saving for. If you're not sure what you really want in the long term, you can try a thought experiment:

  • Research suggests contemplating death can change your financial priorities. What would the future 'you' tell the current 'you' about what was really important?
  • Imagine appearing on a TV show in 15 to 20 years. What would you like to say were your greatest achievements or most meaningful moments?

Describe your answer, draw it, get a clear image of it. When you want to buy something, look at your values and decide if you really want to spend the money.

Alexis T. (@alexis_tt) - Profile Photo





Sneakers: A Mark Of Culture

Sneakers are big business around the globe and have risen from normal fashionwear into cultural trademarks, with a market valuation of USD 79 billion in 2020.

Sneakers, called trainers in the United Kingdom, are smart and comfortable to wear, part of the reason they have found their place even on formal occasions and at the workplace. The pandemic made people prioritise comfort with sales of athleisure products (like sneakers and yoga pants) skyrocketing.

Non-fungible token (NFT)
  • In economics, a fungible asset is like money - it is something with units that can be interchanged. With money, a $10 can be exchanged for two $5, and it still has the same value.
  • If something is non-fungible, it has unique properties and cannot be interchanged with something else, such as a house, the Mona Lisa painting, etc.
  • NFTs are distinct assets in the digital world. They can be bought and sold like any other property, but they have no tangible form.
  • The digital tokens are like certificates of ownership for virtual or physical assets.
  • Myth - I don't need to budget: A budget focus on identifying all the expenses that are likely to occur during the month, quarter, and year. A budget can identify costs that could be reduced or cut.
  • Myth - I'm not good at math: Budgeting software only requires you to follow instructions.
  • Myth - My job is secure: You should always be prepared for a job loss and have at least three months' worth of living expenses in the bank. With budgeting, you will know how much you spend each month.
  • Myth - Unemployment insurance will tide me over: You may be ineligible for unemployment insurance or the benefits may fall short of the amount you need.
  • Myth - I don't want to deprive myself: The aim of budgeting is to tell you where your money is going and ensure you're able to save a little each month, ideally 10% of your income.
  • Myth - I don't have anything big to save for: While you may not have any major savings goals at present, your situation and attitudes are likely to change over time.
  • Myth - I'm debt-free: However, being debt-free without any savings won't pay for an emergency.
  • Myth - I always get a raise or tax refund: It's never a good idea to count on unreliable sources of income.
  • Myth - I don't have the discipline: To protect yourself from your own spending habits, set up an automatic transfer to a savings account.
Advantages of Personal Loans
  • Personal loans are flexible forms of credit where they can help you reach various financial goals.
  • They allow the borrower to use it in every situation imaginable like emergency expenses or debts that you might have.
  • Personal loans can also be used to consolidate debt if you have many, into one loan and make debt less confusing.
  • It is one of the most popular borrowing tools on the market because it does not require collateral.

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