“Living frugally allows you to live richly in ways that you choose.” ~Anonymous
2014 turned out to be a very positive and enlightening year for the hubby and me. It was the time when we took our finances more seriously. We started investing directly in the stock market in July and when November came, we opened a UITF account at a local bank.
While modifying our allocations for this month’s budget in my desktop, I thought about sharing some frugal living tips here in the blog. These are practices that the hubby and I try to do consistently to save money and live a simple but fun married life.
Continue reading “Some Frugal Living Tips”
When I’m committed to doing something, I can get very impatient. In my quest for financial freedom, for instance, I can’t wait to achieve my financial goals. I think I’ve had an overdose of personal finance articles and blogs online because I suddenly had this urge to open new investment accounts right away. But of course, it’s impossible for me to do so due to insufficient funds at present.
I’ve never been good at this! (Image Source: http://avidinvestorgroup.com)
Talking to self: Slow down, Edel! Breathe. Inhale, exhale. You can’t do everything at the same time. You have to wait for your money to arrive, unless you can make money appear by magic. Remember, patience is key here. And a lot of thinking and re-thinking. You don’t just invest your money in one instrument just because you learned from somebody it’s a good investment. You have to do your own research, decide based on your needs and future plans, prepare your money and invest at the right time.
Continue reading “Road to Financial Freedom: A Constant Practice in Patience”