As the new year comes with new surprises and excitement, it is easy to lose yourself in over-spending. This article will help you understand the need for a financial plan and ways to set one up. We all want to have good money management skills. This includes creating and sticking to a financial plan, whether …
With the unplanned pandemic, dwindling economic situation, high inflation rate, hike in prices of goods and services, impromptu billings from family, friends, main and side boos; there is a need to shield oneself from unnecessary “shalaye” (explanation). The unexpected expenses that may spring up at any time are the reasons we need an emergency fund. …
A financial plan is a blueprint for effective money management. It gives a thorough picture of your current financial state, financial goals and plans to achieve these goals. Everyone needs to have one irrespective of their level of income, assets, or wealth. WHY DO YOU NEED A FINANCIAL PLAN? It gives broad information on income, …
Debt is a common tool employed by entities (individuals and companies) on their journey to financial freedom. As debt comes with financial restraints, it is important we monitor our debt appetite and usage. Quite often, we get so overwhelmed with bills that it becomes hard to keep up with our finances and we end up …
In today’s world, it is very easy to spend more than budgeted in one sitting. Merely surfing the internet can make you spend more than planned. From buying shawarma to buying airtime to hangouts with your friends, etc. Earning is sweet, spending is sweeter. Even when your earnings increase, most assume they would then have …
The word ‘Budget’ dates back to the 18th century. It originates from the old French word ‘Bougette’ which means a leather bag and gradually evolved to mean the content of a leather bag. Now, it has evolved to mean ‘A written document on how you intend to utilize your income’. A budget is a strategic …
Broadstreet Financial Review 
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