Month: January 2026

Pay Yourself First

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Most people save what’s left after spending – which is usually nothing. “Pay yourself first” flips the rule and helps to build savings without thinking too much about it.

5 Simple Steps:

  1. Set aside a fixed amount right after you get paid.
  2. Move it to savings before paying bills or shopping.
  3. Start small — consistency matters more than size.
  4. Treat savings like a non-negotiable bill.
  5. Increase the amount when your income grows.

👉 If you don’t pay yourself first, no one else will.

What Is a Fixed Deposit and How It Works

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A fixed deposit is one of the simplest and safest financial products. You lock your money for a set time, and the bank pays you interest. No daily decisions, no stress — just patience.

5 Things to Know About Fixed Deposits:

  1. You deposit money for a fixed period — for example, 3, 6, or 12 months.
  2. The interest rate is fixed — it doesn’t change during the term.
  3. You can’t easily withdraw early — or you may lose part of the interest.
  4. Risk is very low — it’s safer than stocks or crypto.
  5. Best for short-term goals — like saving for fees, travel, or emergencies.

👉 A fixed deposit won’t make you rich fast — but it keeps your money safe and growing.

What Is an Installment Loan

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Understanding what an installment loan is helps you avoid confusion and bad borrowing decisions. This type of loan is very common and is used for things like education, electronics, medical bills, or personal needs. The key feature is simple: you repay it step by step.

5 Things to Know About Installment Loans:

  1. You receive the money once — as a single amount at the beginning.
  2. You repay in fixed monthly payments — the same amount every month.
  3. Each payment includes interest — so the total cost is higher than what you borrowed.
  4. The loan has a clear end date — for example, 6, 12, or 24 months.
  5. Missing payments can hurt your credit — consistency matters more than speed.

👉 An installment loan is predictable and manageable — if the monthly payment fits your budget.

How to Track Your Money in 10 Minutes a Day

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Many people don’t struggle because they earn too little — they struggle because they don’t know where their money goes. Tracking your money doesn’t require apps, spreadsheets, or stress. Just a few minutes a day is enough to change everything.

5 Simple Steps to Track Your Money:

  1. Choose one tool — a notebook, notes app, or simple spreadsheet. Keep it easy.
  2. Write everything down — food, transport, online buys, even small expenses.
  3. Track daily, not weekly — memory lies, numbers don’t.
  4. Group expenses — needs, wants, savings. Patterns will appear fast.
  5. Review once a week — ask: “What surprised me the most?”

👉 You don’t control the money you don’t track — awareness is the first win.