Latest news with #Budgeting
Yahoo
4 days ago
- Business
- Yahoo
2 1/2 Paycheck Hacks To Make More Money Each Month, According to Jaspreet Singh
Paycheck routines are steps that people follow to maximize their income. Having a budget, automating payments and tracking your spending are all standard procedures that can help you out financially. Find Out: Read Next: In a recent video for his Minority Mindset Clips channel, YouTuber Jaspreet Singh covered 2 1/2 ways to stretch your money a bit further. 1. Use Credit Cards When used recklessly, credit cards can cause monumental damage to your finances. If you are in debt, can't resist adding unnecessary items to your online shopping cart or are obsessed with racking up points even while paying interest, Singh encouraged you not to use a credit card. If you use credit cards the right way, you can add some extra cash to your paycheck. Singh pointed out that every month you'll have bills and expenses to pay. Using your credit card to cover these costs can mean earning points that amount to extra cash. However, the only way this is profitable is if you pay your balance off completely each month before the interest kicks in. Since you don't earn much cash back from credit card spending — Singh said it amounts to 1% to 2%, depending on the card, which means you'll get 1 to 2 cents for every dollar spent, although certain cards have deals for better value — points alone aren't worth risking your finances. However, if you're buying something you already have the money for, the points can add up and make you money. Learn More: 2. Know Your Goal Making the most of your paycheck means having a goal. Singh suggested focusing on these three goals. The first is saving and building up an emergency fund. An emergency fund is money you save so you don't go into debt when you have unexpected expenses like medical emergencies or car breakdowns. Singh advised saving up between three and 12 months of expenses, depending on your situation. If you're young and have few responsibilities, you won't need as much as an older person with dependents. Second, he recommended investing. You can either invest for appreciation, where you buy an asset that can go up in value, or for cash flow, where you'll receive regular dividends from your investment. Buying growth stocks means reinvesting your profits in a company, hoping its value will increase. It can result in quick profits, but the stocks have lower liquidity. Acquiring dividend-producing stocks means slower profits, but you will receive cash regularly. The third goal is your spending. Singh said you shouldn't limit your spending goal, but you need to have a path to reach it. He recommended aligning your spending goal with your investment goal. For example, if you buy an income-producing asset like a dividend stock, you can figure out how much of it you need to fund your desired spending habits. 2 1/2. How To Invest You can either invest passively by putting your money into an asset and waiting, or actively by doing research and trying to profit from market fluctuations. Singh recommended trying out active investing through research. If you can find a market shift, there is an opportunity for profit. He highlighted these five shifts: A mainstreet shift where the general public changes spending habits A Wall Street shift where people invest differently A government shift where the government changes how it uses funds An innovation shift where new technology disrupts markets A broad market shift where large-scale economic changes happen Singh said if you want better returns on your investments, you have to get your hands dirty and look into what's going on. More From GOBankingRates 10 Unreliable SUVs To Stay Away From Buying This article originally appeared on 2 1/2 Paycheck Hacks To Make More Money Each Month, According to Jaspreet Singh Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
UAE Moments
05-07-2025
- Lifestyle
- UAE Moments
♓ Pisces Daily Horoscope for July 5, 2025
Love & Relationships Your intuition is bright—trust it. Conversations spark heart-led clarity. Romance flows when you stay authentic and listen deeply. Career & Ambitions Creativity peaks, so present ideas or collaborate! Just stay organized—jot down action steps before diving in, to avoid drifting. Finance & Spending Your vision for the future might tempt big purchases—hold steady. Today calls for smart budgeting, not impulse shopping. Health & Wellness Mind-body wellness is key. Meditate, breathe, or take a calming walk. Creativity helps release stress—sketching or journaling can ground you. Other Insights Friends may surprise you with a helpful suggestion. Stay open, but don't spread yourself thin—quality over quantity socially. Lucky Color: Aqua Blue Lucky Numbers: 4, 10, 18, 27
Yahoo
26-06-2025
- Yahoo
5 Countries Where You Can Easily Live Off Just $2,000 per Month
There's no denying that prices for nearly everything are higher in America than they were before the coronavirus pandemic. Inflation spiked at over 9% in the summer of 2022, and although it's fallen to more manageable levels lately, prices still remain high. According to the Bureau of Labor Statistics, the average American household spent $77,280 in 2023 — a 5.9% increase over 2022 — and that number no doubt went higher still in 2024. On a monthly basis, that amounts to $6,440. If that number is breaking your budget, one option could be to consider living overseas. Explore More: For You: Formerly the domain of wealthy retirees, a life abroad has become more accessible, more affordable, and more realistic for a wide range of Americans, particularly those looking to live within their means. In some countries, even $2,000 per month is enough to get by, although you may have to make some sacrifices along the way. Here's a look at some desirable international destinations where you can get plenty of bang for your buck. Numbeo's cost of living: 45.5% lower than the USA Thailand is blessed with an assortment of riches. While the country is well-known for its endless white sand beaches and delicious cuisine, the country is also so friendly that it's informally known as the 'Land of Smiles.' If beaches aren't your thing, check out the country's mountainous northern region, packed with hiking trails and national parks. Even a family of four could get by on just over $2,000, excluding rent, while a single person could manage on just over $600. Adding in rent isn't a problem, as it runs 68.9% below the U.S. average. Trending Now: Numbeo's cost of living: 41.1% lower than the USA If you're looking for a little Eurasian flair, taking up residence in Turkey might be more to your liking. The rich history and culture of Turkey, not to mention breathtaking vistas in Istanbul and other cities, offer something a bit different than any of the other options on this list. Numbeo pegs the cost of living for a single person at just $671.30 per month, excluding rent, while a family of four could get by on $2,430. Numbeo's cost of living: 52% lower than the USA Malaysia often gets overlooked in favor of its Southeast Asian counterparts, but the country offers an incredible standard of living for a price that's even lower than its famed neighbor to the north, Thailand. Unlike many other countries in the region, Malaysia boasts a multicultural heritage that may offer something different and appealing to American expats. Its modern infrastructure, affordable lifestyle and year-round warm climate may appeal to many. According to Numbeo, even a family of four could get by in Malaysia for less than $2,000, excluding rent — which is 78% lower than in the United States. Numbeo's cost of living: 50.1% lower than the USA Panama has generated a lot of press in recent years as being a great place for American expats, and with good reason. Panama's Pensionado program offers great discounts for retirees, while its breezy lifestyle of beaches and rainforests offers the slow pace of life many Americans are looking for, all within a short flight of the homeland. Those looking for a cheaper place to live will no doubt appreciate the fact that rent in the United States is 76.4% higher than in Panama. Numbeo's cost of living: 54.6% lower than the USA With beautiful beaches, friendly people and over 7,600 islands to explore, the Philippines is a dream vacation destination for many. But with a cost of living less than 50% of the United States, it's also an amazing place to stretch a budget. Numbeo estimates a single person could live there for as little as $566.70 per month, excluding rent, and even a family of four could manage on less than $2,000 without rent. But with rent prices a whopping 82.4% lower than the United States, even that added expense won't break many budgets. More From GOBankingRates 6 Big Shakeups Coming to Social Security in 2025 This article originally appeared on 5 Countries Where You Can Easily Live Off Just $2,000 per Month
Time of India
24-06-2025
- Business
- Time of India
Monsoon session of state assembly from July 28
Bhopal: The state assembly's monsoon session will begin on July 28, and continue until Aug 8, its secretariat announced on Tuesday. During the session, the govt will table the financial year's first supplementary Budget, along with other legislative business. The finance department stated that the Budget for the financial year 2025-26 had been prepared using the Zero-Based Budgeting (ZBB) technique, involving a comprehensive review of all expenditures. Outstanding liabilities from previous years were appropriately addressed, and minimised through budgetary provisions made in the preceding financial year. In light of this, departments were directed to submit proposals for inclusion in the first supplementary Budget. You Can Also Check: Bhopal AQI | Weather in Bhopal | Bank Holidays in Bhopal | Public Holidays in Bhopal
Time of India
12-06-2025
- Business
- Time of India
1st supplementary budget for 2025-26 fiscal: State seeks proposals from depts by June 13
Bhopal: The first supplementary budget for the financial year 2025-26 will be presented in the forthcoming session of the state assembly. The departments have been directed to submit proposals for inclusion in the first supplementary budget by June 13. In the directives issued to all departments, the finance department made it clear that new heads involving an additional financial burden on the state will not be considered. Proposals for the purchase of vehicles will also not be entertained. The finance department stated the budget for the financial year 2025-26 was prepared based on the Zero-Based Budgeting (ZBB) approach, involving a comprehensive review of all expenditures. Outstanding liabilities from previous years were appropriately addressed and minimised through budgetary provisions in the preceding financial year. In light of this, departments have been directed to submit proposals for inclusion in the first supplementary budget within the following parameters, through the online system in the set format, by June 13. Hard copies or offline submissions will not be accepted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The parameters for sending proposals include heads for which advance approvals have been granted from the state contingency fund, and heads for which prior concurrence has been given by the finance department. Heads for which financial assistance or central share has been approved by the govt of India or other agencies, which cannot be accommodated within existing allocations, and for which additional funding cannot be arranged by re-appropriating savings from other ongoing schemes. Under the special capital assistance scheme, proposals sent or to be sent to the govt of India require the creation of a separate budget line. In cases where works approved under the special capital assistance scheme by the govt of India require additional budgetary allocation and such funds cannot be met from savings in other schemes. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
