How Does Spending Correlate to Child Age?
This blog is useful for parents/ to-be parents that plan to have their children stay with them. Pre-read: Expense Trending & Budgeting - Myfinancejournal You have now created a detailed…
Posted inCash Flow Expenses Personal Finance Basics Savings
Expense Categorization, Trending & Budgeting
This blog will increase your awareness about income, spending and will help you set a budget and eventually a plan to manage your finances better, This is a fundamental step…
Posted inCash Flow Expenses Personal Finance Basics Savings
Can sound financial habits adversely impact your credit score?
This blog will be relevant to you once you have reached a good maturity for managing your finances but are still unsure why your credit score is not increasing. Pre…
Posted inExpenses Personal Finance Basics Savings
All you need to know about Credit Score
When apply for a loan or home mortgage, your lenders would refer to your credit score to determine the interest rate. The lower your credit score, higher will be your…
Investment Considerations (When? Where? Why? How? How Often?)
Investments are essential part of our Financial Strategy. They help us save for the future and also provide a decent growth of our monies over a period of time. Prudent…
Asset Classes for Mutual Funds
Shares are a great way to invest and will provide in some cases "abnormal returns" over short to medium time periods. They also carry market risk as they can wash…
Posted inInvestments Personal Finance Basics
Importance of Regular Investments
We have gone through all details of how to manage your expenses, cash flow and reduce the cost of your existing mortgages. You should be familiar with all the tricks…
Posted inExpenses Personal Finance Basics
Mortgage Basics
Introduction When it comes to debt, Home Mortgage is the biggest debt in your portfolio and stays there for several years. This is precisely the reason you need to be…
Posted inPersonal Finance Basics
Common Investor Biases
Over the years, I have made several mistakes and had a few biases which made me make incorrect investment choices. I am sure you would have had similar experiences in…
Posted inInvestments Personal Finance Basics
Investment Avenues
There are several areas where you can invest your money. Our choices depend on our Objectives and Orientation. Stocks Historically, stocks indices have provided the highest returns over long period…
Posted inExpenses Investments Personal Finance Basics
Factors Influencing Spending & Investing
There are several factors beyond your control that will determine the allocation of your investments or provide you an indication if time is ripe for large borrowings, home loan refinancing…
Posted inCash Flow Expenses Personal Finance Basics
Debt & Mortgages
Most Americans live on credit. The average debt per US family is $6,270 in 2020 (the total debt for all Americans combined is a staggering $14.3 Trillion of which the…
Posted inInvestments Personal Finance Basics Savings
Recommended Allocation
Now that we know the Categorization of our money based on objectives, it is appropriate to discuss what factors would dictate investment in one objective over another and what triggers…
Posted inPersonal Finance Basics
Demystifying Personal Finance
Overview Managing your own money and making it work for you is as important if not more compared to earning money. We all need money to live a financially comfortable…