BUILD YOUR WEALTH

EFFORTLESS STRATEGIES TO TRACK YOUR EXPENSES AND TAKE CONTROL OF YOUR FINANCES Introduction : Managing finances effectively begins with understanding where your monthly expenses goes each month. Tracking your monthly expenses is good habit to identify your spending or identify where your money goes which is very important to achieve your financial goals. While it may sound daunting , there are simple ways to track your monthly expenses. 1.          Use a spreadsheet : Spreadsheet allows you to customized your expenses tracking. ·         How to get started : You can get started by create categories like rent , groceries , entertainment , savings. ·         Tool to use : You can use Microsoft excel or google sheets. ·         T ip : Automate calculations with formulas for tools and percentages. 2.          ...

ACHIEVE FINANCIAL SUCCESS WITH SMART   GOAL   SETTING Introduction : Setting financial goals is most important things to achieve financial goals or secure your future financially. Many people struggle to translate their aspirations into achievable objectives. This is where a concept of SMART goals come into place. By ensuring your financial goals are specific , measurable , achievable , relevant and time bound , you can transform your vague intentions into actionable plans. 1.          What are SMART financial goals? SMART financial goals are goals which can help you to create a clear roadmap to your financial future. Each letter in SMART stands for: ·         Specific: The goal should be clearly defined. ·         Measurable: You should be able to track your progress. ·         Achievable: It must be realistic. · ...

  BUILDING AND MAINTAINING GOOD CREDIT SCORE Introduction : In todays’ financial world credit score plays a significant role to get a loan   , even to get certain jobs. Maintain good credit score is essential for financial well being. In this blog I will discuss some practical tips for establishing and sustaining a healthy credit score. What is credit ? Credit is essential a way for lenders to identify how reliable you are for borrowing money.   Credit score typically ranging between 300 to 850. Higher credit score make yourself more trustworthy before lenders which can lead to better interest rates and loan amount. Credit Scores : Credit score is calculated based on five factors as mentioned below : 1.   Payment History (35%) : This is one of the most important factor to calculate credit score . non payment or delay payment can make negative impact on your credit score. 2.   Credit Utilization (30%) : It is refers to the amount of available cred...