Budgeting is important, only then we can manage to save. Once we develop the habit of saving money, we can never go over our set budget. Saving money is more important, especially if you are on a tight budget. Working on a tight budget can be difficult for someone who is not used to it, but once you start saving, you will realize that your needs can be fulfilled even if your budget is low.

Just as the name suggests, an ’emergency fund’ is a fund, which can be used in times when you have no other funds to fall back on. It is used to fulfill a shortfall when something unpredictable comes up in the future. Since it is a reliable fund it needs to hold various guaranteed investments.

Recession isn’t a new phenomenon. In fact, in the 1930s, the Great Depression caused a massive stir in the world economy. It perhaps paved the way for the misuse and depletion of resources, which perhaps decades later led to the Recession of 2008 courtesy the Lehman Brothers getting bankrupt. Economic downturn is the biggest enemy affecting the common man at present.

Pursuing higher education usually means more complications when it comes to finances. It can be expensive such that many students opt to take student loans to fund their higher education. Moreover, it is often the child who is supposed to repay the loan once he or she is financially stable.

The US has been a dream destination since decades for people around the world to live in. The work opportunities, growth prospects, corporate culture, and the American dream are all major factors that help contribute to this. Earning in US dollars could mean that an expat can save up and maybe provide a better lifestyle for their family, even if someday they decide to head back to their native country or shift to another country.

We are often led into thinking that financial management is much simpler than it looks. It is perhaps because of the way self-help authors or rich businessmen influence us with their thoughts. Not only have their methods but also the guaranteed success achieved by many have been foolproof. It is also believed that if you have fewer assets, you would not require technically sound financial advice because there isn’t much to manage.