5th April 2020 9:47 a.m (IST) Tracking Game T racking the inflow and outflow of every buck you get is maybe tedious for some but its a crucial step to know the whereabouts of your money. This part of your journey of financial independence is your first encounter with the working of math in building wealth. To be always in profits and diligently saving each month so you can achieve your benchmark to further invest. Consider this as a boring game that has nothing to do with fun and pleasure but help you to achieve your goal and giving you the pure metrics of your hard work. In starting you will not love it but after few month when you will see the fruits of saving and living frugally in your bank account then this game starts to be more fun! You don't have to prepare excel sheet or ledger for yourself as there are many free apps on Android playstore that will ease your process of tracking. For eg- "Monito app" which I personally use to track my...
5th April, 2020 8:45 a.m (IST) Frugality Frugality was not always a hot topic, at least not until about recent times. It just wasn't a topic popular among youth but nowadays with explosion in vast consumer choices and increase in people's awareness about money, it has now become a hot topic and also an important step in the process of financial independence. For some of you who don't know what frugality means, its the way of living or more precisely "living in economical way with a proper agenda of saving money in mind". Its linked with minimalism and sometimes people living frugal are even called "cheap". But there is nothing embarrassing about being frugal atleast if you know why you are doing it! As in previous blog post I've mentioned - How its important to save money and how it 's the first step in building long time wealth, and this frugality is the essential component of saving . It's hard to live in 40% of your income and ...