Needs vs wants: why they’re important and how to tell between them

needs-vs-wants

So you’re starting improve your finances and you’re hearing a lot about splitting your expenses into needs vs wants. Why would you do that, and how can you clearly tell between them?  Needs vs wants refer to the distinction between essential expenses and discretionary expenses. Needs are basic necessities that must be met in order …

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Emergency Fund: What is it and how do I build one?

Everyone should have an emergency savings fund, no matter their financial situation. You must have one because it’ll equip you to deal with unexpected expenses and emergencies, such as a job loss, medical bills, or home repairs. It can be hard for people with other financial responsibilities (like paying off debt) to prioritize building an …

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How To Protect Financial Assets Before And After Marriage

Irrespective of how marriage comes to an end, breaking down a relationship can be a difficult experience. On top of the emotional turmoil, the separating couples face significant financial issues that should be handled with utmost sobriety. Fortunately, you can always protect your assets, such as your home, car or money, prior to getting married.  …

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