Why people show off?

As humans, we want to look impressive. In most cases not for ourselves, but for others. We are addicted to others opinion. Why? Let’s try to understand together. Everything starts from the need of attention: Since a baby is born, he/she will seek attention constantly. While growing up most kids are compared to other’s more […]

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How to follow personal budget?

How often do you actually stick to budget? Most probably not often but every time promise yourself to spend less next month. Traditional financial education preach about strict budget as a way to achieve financial satisfaction. But in real life counting of every cent spend create guilty feeling. My personal approach to family budget: Keep […]

Fast fashion impact on personal finance

Massive advertisement campaigns make us believe in need of low-priced & disposable clothes. Fast fashion presented as must-have but it wasn’t in this way half of the century ago. Tailoring was precise and individually fitted right until Amancio Ortega’s fast fashion idea. We are going to skip traditional history of fashion and discuss only about […]

Benefits of self education

Self education is based on discipline and self motivation. Considered more beneficial than traditional education. Because it allows to concentrate on most interesting subject. Main benefits : Ability to find relevant information. The information available in internet is not easy to find useful data. Focus in the age of distractions. We are bombarded by useless […]

How to lose money from your savings account?

One of the worst but most used way is to store your wealth in cash (bank account). It’s wildly popular with heartbreaking consequences. Traditional way of saving money looks like this: Get paycheck Save 10-30% Deposit in bank on your saving account Get tiny interest rate Follow systematic investment plan Live below your standards Save […]

How banks make money on your credit card

Credit and debit cards look similar but influence differently on wealth utilisation. Credit cards issuing companies mastered a few main money making strategies: Interest rate applied on late payment Merchant interchange fees (mostly 2-5% of transaction value) Annual fees ($0 – $5000) Monthly fees ATM cash withdrawal (higher interest on default) Balance transfer Foreign transaction […]