A "Fun Fund" is essentially a dedicated pot of money set aside in your personal budget specifically for non-essential, enjoyment-focused activities, purchases, or experiences. It's often viewed as a financial tool that promotes guilt-free spending on things that bring you joy.
Posts tagged as “Personal Finance”
"Pay Yourself First" is a core principle in saving and wealth building. It essentially means that as soon as you get paid, you automatically allocate a portion of your income to your savings or investments before you pay any bills, make purchases, or spend money on anything else.
Soft saving is a personal finance philosophy that encourages a flexible, non-restrictive approach to saving money.
Earning your first million dollars is one of the most meaningful milestones in life. It symbolizes more than financial success—it represents discipline, creativity, and long-term strategic thinking. The path to one million isn’t only about luck or talent.
Here are some of the most popular and reputable websites for business news, catering to a wide range of interests from global markets to personal finance and entrepreneurship:
Starting earlier, compounding longer, and compounding better are key principles, or key pillars of personal finance that help grow wealth over time.
Developed by psychologists Daniel Kahneman and Amos Tversky, prospect theory challenges the traditional economic assumption that people are always rational actors who make decisions based on pure logic.
Understanding family economics is not just for professionals or academics. It’s essential for anyone who hopes to build a stable, healthy home life rooted in financial awareness and long-term planning.
Personal finance is the strategic management of an individual's financial resources to achieve their life goals.
The question of buying a home versus renting is a classic personal finance debate. Let's dive into the pros and cons of each approach.