Merge Finance

  A finance blog is a platform where individuals share insights, tips, and information about various financial topics. These blogs can cover a wide range of subjects such as budgeting, investing, saving money, retirement planning, and more. Finance blogs are written by experts in the field of finance or individuals who have personal experience with managing their finances successfully. Readers visit finance blogs to educate themselves on financial matters, gain new perspectives on money management, and stay up-to-date on current trends in the financial world. When choosing the right bank for your needs, it's important to consider several factors. First, think about your banking habits and what services you require. If you prefer online banking, make sure the bank offers a user-friendly digital platform. Next, consider the fees associated with the bank's accounts and services. Look for a bank that offers low or no fees, especially if you are on a tight budget. Additionally, take...

  Introduction Over the past decade, I have dedicated my life to immersing myself in the field of finance. With a degree in finance, a qualification in accounting, and a career in investment banking, I've gained extensive knowledge and skills in handling money. One of the most transformative skills I have acquired is how to manage my own finances, recognize bad money habits, and break free from them. In this comprehensive guide, I'll share with you nine of the most common bad money habits that hold people back and provide actionable tips on how to overcome them. 1. Paying Yourself Last The concept of paying yourself last is one of the most detrimental money habits that can impede financial progress. I first encountered this idea in Robert Kiyosaki's book, "Rich Dad Poor Dad," where he outlines two primary methods of handling finances: the poor people's habit and the rich people's habit. The Poor People's Habit The poor people's habit involves payin...

Over the past decade, I have immersed myself in the field of finance and money management, earning a degree in finance, a qualification in accounting, and building a career in Investment Banking. One of the most transformative skills I've acquired is learning how to handle my own finances, recognize bad money habits, and break free from them. In this article, I'll share nine common bad money habits that hold people back and provide tips on how to overcome them. 1. Paying Yourself Last I first encountered this concept in the book Rich Dad Poor Dad by Robert Kiyosaki. Robert explains that people typically fall into two categories when it comes to paying bills. The first is the habit of paying yourself last, a trait often seen in those struggling financially. After receiving their paycheck, they pay their rent, phone bill, subscriptions, and social plans, saving only what's left, if anything. Conversely, financially successful individuals pay themselves first. This means sett...

Understanding the 50/30/20 Rule The 50/30/20 rule is a budgeting framework that allocates your after-tax income into three main categories: 50% for Needs 30% for Wants 20% for Savings or Paying Off Debt What Are Needs? Needs are the essential expenses that you cannot live without. These include: Housing: Whether you have a mortgage or rent, this is usually the biggest part of your needs. Utilities: Electricity, water, heating, and other essential services. Groceries: Basic food items necessary for your survival. Insurance: Health insurance, auto insurance, and home insurance to protect you from unforeseen events. Transportation: Car payments, gas, public transportation costs that are essential for you to get to work and run daily errands. What Are Wants? Wants are non-essential expenses that improve your quality of life but are not necessary for survival. These can include: Dining Out: Restaurants, takeout, and coffee shops. Entertainment: Subscriptions like Netflix, Hulu, and o...

  Did you learn about money in school? Maybe you’re picking it up on your own, or your parents gave you some guidance. No matter where you are on your financial journey, understanding money is crucial for achieving financial freedom. If you're wondering how to manage your finances to live comfortably and reach your goals, this guide is for you. Introduction to Financial Literacy November marks Financial Literacy Month in Canada, celebrating its 10-year anniversary. With the impact of the pandemic, financial education has never been more critical. Many Canadians are facing financial struggles, and improving financial literacy can help you make smarter choices with your money. What is Financial Literacy? Financial literacy is the ability to make informed and effective decisions with your financial resources. This includes understanding how to earn, budget, pay off debt, save, invest, and protect yourself financially. Mastering these skills will help you achieve the lifestyle you desi...

  Why Planning Your Dream Life Is Just as Important as Planning Your Wedding When it comes to planning a wedding, the excitement and anticipation often revolve around the big day. However, it's equally important to consider what comes after the wedding: your life together. That's why I'm passionate about incorporating content into my channel that helps you plan your dream life while you're planning your big day. To kick things off, I want to share some eye-opening statistics that underscore the importance of being intentional about your finances in a relationship. Almost 50% of all marriages in the U.S. end in divorce. That’s a divorce every 13 seconds in America. Feeling that one's spouse spent money foolishly increases the likelihood of divorce by 45% for both men and women. Additionally, couples who argue about finances at least once a week are 30% more likely to get divorced. These stats highlight the critical need to be deliberate about your finances in your re...

 Hello, friends! Every year on February 1st, the country's budget is announced by the finance minister. This announcement provides insights into the government's earnings and expenditures, highlighting how much is spent on various welfare initiatives for the people. As usual, this year too, on February 1st, Finance Minister Nirmala Sitharaman presented the Union Budget 2024. However, this year's budget was an Interim Budget. "I commend the Interim Budget to this August House. Jai Hind!" An Interim Budget is a temporary budget that provides estimates for the entire year. This is because Lok Sabha elections are scheduled for this year. After the elections, once the new government is formed, the full budget will be presented in July. This practice is followed in every election year, but it doesn't diminish the importance of the interim budget. It outlines how the government plans to spend money over the next few months and gives an overall strategy and direction....