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Showing posts from May, 2023

Happy Mother's Day : Financially secure mother make a fortune

  Happy Mother's Day to all the wonderful mothers out there and here is a list of a few tips for mothers to become financially super mothers. Create a budget: Allocation of finance with a plan that helps you to follow your earnings and cost of living so you may have a clear analysis of where your earnings are spent and make productive choices about how to consume it. A financially healthy mother creates a budget that includes all of her family's income, such as wages, investments, and other sources of income, and all expenses, such as housing, utilities, food, transportation, and entertainment. He will ensure that his family's expenses do not exceed his income and that he saves for future needs, such as buying a house or tuition.  Except for emergencies: Emergencies can happen at any time and it is important to be prepared for them. A financially healthy mother puts money aside for an emergency fund that can cover unexpected expenses like medical bills, car repairs, or losi

Financial dependence to Financial independence

  Financial dependence refers to the state where one relies on external sources, such as parents, relatives, or government programs, to support their daily living expenses. It is a state where one's income is not enough to cover their needs, leading to reliance on others for support. While there's no shame in receiving help when it is needed, being financially dependent can limit one's choices and opportunities in life. Financial independence, on the other hand, refers to the state where one has the financial resources to support their own living expenses and make their own choices. It is a state where one's income is sufficient to cover their expenses, and they can live comfortably without relying on external sources. Financial independence allows one to have more control over their life, pursue their passions and goals, and enjoy a greater sense of security. The journey from financial dependence to financial independence is a process that requires discipline, commitme