Sunday 18 December 2016

Simplifying Your Finances For 2017

Globally, demonetisation is now a trend. Consumers are using applications such as Paypal or their credit cards to purchase items worldwide. Couriers are working efficiently to deliver items to one's door at a guaranteed time. Finances can instantly disappear under a consumer's nose if they do not monitor them properly.

In 2017, it pays to know about technologies that help you manage your finances and having the right attitude to handle your money. Discipline is still important along with a certain few others.


Mind Your Retirement

Always save up at least 40% of your salary for your retirement. State retirement plans look more promising than corporate-provided plans. Also, private retirement plans are great to look into. An ideal percentage to set aside from your monthly income would be 50%.

Emergency

In any case, always have at least 3 months worth of income with you at any time. You could lose money immediately to an emergency. One should always have money at the ready for any emergency involving health or unemployment.

Think Progressively


Financial technologies that exist today are still in their infant phases. Banks offer your accounts an online way to manage your finances. Look through your options and understand how they work; they can help you monitor your spending especially if you are a savvy buyer in online stores.