Not Following a Budget of Financial Planning and Stories from Inspiring Women

            Housewives especially don’t care about the budget. It means that they spend more than their incomes or they do not save at least 30% of their income. This is also dangerous for your savings because if your money spending is too high then you never save more money even you can start spending your saved financial assets. Some people have been seen to selling their households or the houses in case of bankruptcy because they spent more than their earnings. Many economists say that it is really hard to save at least 30 percent of their incomes. If a person who successfully save one-third of the income, he or she never goes to the struggling phase again.

Nowadays women want to make their lives more luxurious, so they do not care about their budgets jus to buy smartphones, laptops, rings, Jewelry, clothes, shoes or any other pieces of stuff. They spend more and more on new arrivals rather than they know they can purchase these things or the products in the sale and women mostly destroy their monthly budgets. The most important thing that you should have to understand, you should make balance in the financial budget and should minimize or keep your desires in the limits to follow your budget. If women follow their budgets, they can save 30 to 50% money monthly that means that they can become richer.

You should always consider that you never have to exceed or cross your limits for buying something because it can damage your budget. In short, if you don’t follow or not interested in following the budget, it can make possible that you may money problems in the near future. Most people don’t like to follow the budget or don’t like to make a budget plan because they think that the budget plans keep them into the limits and they cannot enjoy their lives as others do.

They should need to understand that they are wrong because those persons or women who enjoy their lives they have already high incomes, as well as they, have larger assets. A budget is a tool which teaches you to be in the limit and to avoid those entertaining and money consuming things. You can also enjoy, but you must have to follow your budget plans which you have made for the whole month as well as you must have to measure how much you are spending in buying the household things. When you have extra money after purchasing and payment of every household, you can manage now for enjoyment.

Not Saving for Retirement of Financial Planning and Stories from Inspiring Women

            Almost all women in Canada are doing jobs in any particular fields and doing their own businesses, but most women are job holders. A person who is doing any job knows very well how hard is to survive in the world with having job because the salary is limited. Most people think that how they will manage in the very short budget. Now think one time, if it is hard enough to manage all things during job what will happen when you are retired from the job. You might alone, and no one will be here to take care of you. It is harsh reality that you will be alone, and life will become more crucial for you if you didn’t save something for retirement.

A survey had been conducted of 2000 Canadians who retired from the jobs, the 50% of retired employees have revealed that they have planned some things due the circumstances which cannot be controllable. Just think about it if you fail to save money for that life where no one will have come for you to take care as well as you will have no savings to survive, how you can manage. So, you have to prepare yourself to secure. When you start thinking about your retirement then it will be the last thing in your mind which can make you limited and make you avoid all kind of money mistakes.

So being a woman, you must have to avoid all kind of extra spending money to save something for your retirement which will support you after retirement. For example, you can buy own house or can start your business at that time when you do not have any further job. Canadian women should save money for the future due the circumstances after retirement because many mishaps may occur in life. So all women should avoid this common money mistake to make your retirement life secure.

Not Saving for Emergencies

            Most women do not give much focus to save money because they think saving money habit will make them limited, and they cannot enjoy their lives. Sometimes, any kind of mishaps can occur. If you have no any kind of saving for that accident, how you can survive in that situation. You will see yourself so weak and small when you will have nothing in case of emergency.  I am going to explain this point with examples and make this key point easier to understand. For example, many times some unexpected thing may occur in your life which requires the expenses or more expenses that might more than your budget or current income such as a leaky roof in the house and burst pipe which can damage the room stuff, these things require more money to resolve those issues and problems.

            Furthermore, your child is sick unexpectedly and needs to be admitted to the hospital. It is understood that you require money for the treatment of your child. Sometimes, sickness becomes more critical and needs more money for the treatment. At that time, you feel that you stuck in that situation and you may borrow some money from your friends or any persons or have to take loan from the bank or any financial assistance institution which make your life more crucial because you have to return that money back to bank along with the heavy interest. So I recommend you avoid the money problem to save your life and your family life. You must have to avoid some amusement programs to save money. Whenever you save money for any emergency, you feel free to spend your money in the right place, and it will save you from the troubles that you may face when you take loan from bank. You need to try always to become financially strong, but you just become strong when you choose to save money habits.

            The best way to start a money-saving from small level. Sometimes you think that it is too small amount and you have no need to save this small amount but believe me the small drops are enough to make ocean. Just take a start from small, a particular time will come into your life when you will feel that you have larger amount that you have successfully saved. Just fix an amount for a day to save, after some days you can see the results. For example, if you save 2 dollars a day after one week you have 14 dollars added in your saving asset, and after one month you will get 60 dollars. I believe that it is enough for the treatment of your child or it is enough to repair your house, rooms or vehicles.

Avoiding the “Money Talk” With Your Significant Other of Financial Planning and Stories from Inspiring Women

Many women have been seen by observers who like to talk about their money in front of their siblings and especially discuss with their friends. It can be more negative for you because everyone considers you as a rich woman. The main disadvantage of money talk with your significant persons is that they may ask to give them some money as a loan. Some people demand too high which can be not affordable for you as well as you cannot say them no and you have to give you’re saved money or large amount of your salary to them. Remember one thing, and if you share your assets with your friends or any other significant persons, it is possible that many persons may demand something. If you give a loan to your friend, there are only 10% chances to get you money back because a person who is asking for money he can fail to arrange money to give back to you in the decided time. If this will happen, you can start fighting for taking your money back, and the two things may happen. The first one is your relation will be damaged just because of money and the second one it that there are zero percent chances to get your money back if the person fights back who has your money.

Trying to Solve Problems with Money

            Women perform some unnecessary actions to solve their problems by using money. You can save anything from money, but it is not a good solution for every problem. You can buy nice thing from money, but you cannot buy serenity or peace from money. Some women like to make happy their children by giving them money, but they need your time, but you try to solve this problem through money. Some women, especially in Canada, have a concept that they can buy happiness from the money and they consider that money is the vital power, but they are wrong in this case. Whenever you feel sad, you always try to find any place or the community to search peace, serenity, and happiness rather than you go to shopping malls to buy something or open any online shopping websites to place online order.

When any person who is in any tension or faced with some kind of issues and the problems in any field of life, sometimes the person spoil the mood in a little retail treatment to sense well. While purchasing any kind of stuff may create us feel better, that feeling is only temporary not permanent because feeling better or good permanently can only be got from the satisfying community or if you give your precious time to you family.

Instead of visiting the shops or visiting your favorite online purchasing website or eCommerce websites such as Amazon, Alibaba, and eBay whenever you are feeling unhappy, tense or sad, there are other things you can do to bring a swing in your attitude without spending a lot of money which you have saved. Just prepare yourself to do something amazing or new on daily basis. I recommend you to go to walk in nature, make contact to your friend for good company, or go to watch your favorite movie along with you friends, family members or along with any special person who is you loved ones. If the problems you are facing right now become more critical and are going a bit deeper than the irregular or work-related stress then you should need to consult any psychologist who can identify your disease and try to make you normal because is trained to handle these situations. Remember, your emotional health, as well as conceptual health, is just as important as your financial health. So, I recommend you to join any kind of satisfying community which will make you happy as well as it will bring some new changes in your life because it will remove stress from your mood and teach you how you can overcome from this kind situations.