Save Your Future

 SPENDING HABITS What is a spending habit? A spending habit refers to the regular pattern or behavior of how someone spends their money. It can include both conscious and unconscious decisions about where and how money is used, such as frequent purchases of certain items, recurring expenses, or saving tendencies. How can the concept of habits be applied to the way people spend their money? Habits are automatic behaviors Habits can be beneficial or detrimental Habits are malleable and can be changed Examples of spending habits Spending habits are often situation-dependent, meaning that they are influenced by specific circumstances. Due to their habitual nature, they may occur unconsciously and automatically, without conscious awareness. When someone makes unplanned purchases without considering whether they really need or can afford the item. These are recurring payments for services like streaming platforms, gym memberships or online courses With the ease and convenience of online ...

 DIGITAL BUDGED APPS  What does monthly budget planning do? Monthly budget planning is financial planning that allows you to plan how much to spend or save each month. It also allows you to keep track of your spending habits. If you spend less in one area, you can spend more in another, save that money for a bigger purchase, build a hard times fund, increase your savings, make bigger investments.  Make a list of all your expenses that you expect to incur over the course of a month, such as mortgage or rent, insurance, groceries, entertainment, personal care, childcare, transportation costs, etc. You can use your bank statements, receipts, and credit card statements from the last three months to determine these expenses. Fixed expenses are mandatory expenses where you pay the same amount each time. Include items such as utility or rent payments, utility bills such as internet, electricity, water, and your child's regular expenses on this list.   For example, one of th...