Arator Journal: Arator Journal is a personal finance blog aimed to promote financial independence.
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Welcome to Arator Journal. We promote personal finance tips aimed to provide financial independence to our readers.

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Finance Planning

Your ability to earn today may not be the same as tomorrow. Given these factors, you need to consider a good personal finance planning habit.

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Advisor Insights

it is our duty to give people sound financial advice to prepare readers for the worst financial situations in their lives.

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Finance Portfolio

A good personal finance planning habit is to diversify your portfolio. Diversification of your finance portfolio should be done in a regular manner.

  • Business partners discussing papers and planning work at meeting Building Good Personal Finance Planning Habits October 16, 2016 Posted in: Advisor Insights, Featured, Finance

    We are trained to work and find a job, but never in handling our own finances. A lot of individuals think that the money they have today will last forever. Your ability to earn today may not be the same as tomorrow. Given these factors, you need to consider a good personal finance planning habit. But how do you build this type of habit?

    Education

    It is important to know the intricacies of financing if you want to have a good personal financing habit. You need to know the basic concepts of your money’s worth and how it can depreciate or appreciate through time. You should also learn the basic concepts of using investment options.

    Diversify the portfolio

    A good way to build a good personal finance planning habit is to diversify your portfolio. Diversification of your finance portfolio should be done in a regular manner. You can make it a habit to buy a few shares of blue chip stocks, and invest on other types of investments such as a business regularly. By putting your eggs in different baskets in a regular manner, you’ll be able to have a good chance of increasing your assets in the long run.

    Know your spending

    You have to make sure that you know exactly where your money goes. Are you the type of person who doesn’t have any idea where his or her salary went? You want to account for everything especially your expenses. You’ll be surprised by the number of useless things that you are actually purchasing.

    Be a smart consumer

    We are consumers. This reality means that we are going to buy things. However, you can be a smart consumer. For instance, do you really think that a $5 cup of coffee is really worth it? To become a smart consumer, you have to scrutinize the products and services that you avail of. Is there a cheaper and better alternative that you could go for?

    Save your money first

    One of the most common mistakes people commit is to save whatever is left from their monthly income after all the expenses were made. This means that your savings every month will be fluctuating. You will be surprised that there are times when you are actually getting from your savings. As rule of thumb, make sure to save 30% of your salary every month. The rest could be allotted for investment and other expenses.

Hi ! I’m Beatriz Jordan

Arator Journal is website dedicated in helping individuals who are looking for financial independence. We are a group of finance experts who decided to help those individuals in need of financial education.

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It is our duty to give people sound financial advice to prepare readers.