Day trading offers everyone an opportunity to make significant profits from their investments in a very short period of time. And it is this feature that attracts numerous individuals to try it out. For someone who is considering venture into day trading, you must prepare to deal with the rapid changes in the markets, whether in stocks, commodities, bonds, and so on. This involves gaining knowledge and experience about trading techniques, … [Read more...]

Lifestyle inflation is a personal finance situation in which a substantial increase in your income doesn’t translate into a commensurate increase in your financial health because your expenses increased as soon as your income increased. The traditional formula for financial health is that your income should be higher than your expenses. Hence, an increase in your income in the form of a raise, a new job with better pay, an inheritance from Aunt … [Read more...]

Even though I write for a personal finance blog, I don't often talk to my friends about money.  It's an awkward situation.  I have a few friends who I discuss finances with, but we're in similar financial situations and have similar perspectives on spending and saving.  It's different with friends in different financial situations.I have to be honest, it can be tough sometimes.  I have very clear opinions on the best ways to manage your … [Read more...]

Comparison.  Though it's often referred to as a trap, I think it's both good and bad."If he can do it, maybe I can too" versus "I'll never be able to do it as good as he can."But I think comparison is especially difficult when it comes to finances.  We want to have what someone else has.  The neighbor gets a new car and suddenly your car doesn't look so great anymore.  Your friend goes on a stellar vacation and you start looking at travel … [Read more...]

Happy New Year!  2016, can you believe it?  I don't know about you, but for me, 2015 absolutely flew by.  I was looking back at some of the changes I made this year to try and save money and it surprised me how long ago I made some of those changes.For example, back in January, I cancelled my cable tv.  I can't believe it's been a whole year.  I have zero regrets.  I had exactly one moment when I wished I had cable tv - I was trying to watch … [Read more...]