• regular posts

    5 Simple ways to improve your personal finances

    Have you ever found yourself in a situation where you had to stress about money? Most of us probably say yes. Having your personal finances organized will save you time, lower your stress levels and it also saves you money because you won’t need to use your credit card or borrow the money with high interest ever again.

    Follow these simple rules to improve your personal finances and take control of your money right now:

    1.Start tracking your expenses

    Do you know how much you spent on ordering UBER eats last month? Or buying coffee? Measuring the expenses is the first step in managing your personal finances. Monitoring your expenses should not take more than 5–10 minutes a week. One of the easiest ways to track your expenses is to start budgeting with an app called MINT or if you are a bit old school like me a good old excel spreadsheet will do its work. You can download my favourite budgeting template HERE

    budgeting template to improve your personal finances
    Budgeting template screenshot

    2. Have an emergency fund

    Having an emergency fund is a really important part of managing your personal finances. Having at least 3 months’ worth of savings to cover your basic living expenses will make your living much less stressful. It provides priceless peace of mind knowing that whatever happens, you are ready for that without reaching out for a high-interest credit card or a consumer loan.

    3. Check your subscriptions and any recurring monthly bills

    You will be surprised by how many people have an unused gym membership. In 2019 alone, Americans spent $1.8 billion on unused gym memberships according to this survey.

    Maybe it is unused Spotify, Netflix or you really do not need the most expensive mobile plan? Checking your usage is definitely worth look at. I don’t know any company that will remind their customers that they haven’t used their service despite paying for it for months or even years.

    4. Make sure you pay the best prices

    While shopping is not exactly saving money, but if you have to buy something you can make the most of your money comparison shopping, ensuring that you’re paying the lowest prices for products and services. Look for discounts, coupons, and cheaper alternatives whenever you can.

    Many people are not aware that a lot of online stores get their products from Aliexpress, which is a basically online warehouse, you can find almost everything there with the cheapest prices, the only downside is the shipping time.

    If you like online shopping then you should use a browser extension called Honey (it is completely free) it will automatically find the bonus codes(if there is any) while you are checking out the order.

    Honey app to save money
    Honey app

    You can download the app by clicking here.

    5. Plan your weekly menu and shop groceries once a week

    Having a weekly shopping list will save you time and money. I find this one of the simplest ways to start managing your expenses. Reducing the frequency you go to the shops reduces the chances to do impulse purchases.

    Following these simple ways to improve your personal finances will help you save your time and money. It does not happen overnight but after a while, your savings will start to grow and you can pay off the debt you might have faster which means you can start saving even more.

    It is not just about having more money in your pocket it is peace of mind and less stress on things that can be solved with some lifestyle changes.

    Next post will be another net worth update. If you like the content I write please consider subscribing to my blog.

  • regular posts

    Buy the dip

    cryptocurrency exchange

    My thoughts when my home government decided to stop the payments into the retirement funds while the stock market prices are going lower.

    So they think it is only a good time to buy stocks when prices are going up?

    The same thinking is actually inserted into our minds as well. When there was a Bitcoin boom back in 2017-2018, there was a peak in the interest to buy and invest in Bitcoin. (WHEN THE PRICE WAS ALL-TIME HIGH)

    But later in 2018, when the Bitcoin price crashed and the interest to buy and invest in cryptocurrencies faded as well. But now in 2020, the price of Bitcoin has been recovered from as low as 3200$ USD to 9500$ USD at the time of writing. I must mention that Bitcoin all time the high is $20 089,00 USD

    I think this 3 minute video presents quite well the current situation of cryptocurrencies and how they might fit into our reality as a alternative to gold and other physical assets.

    All credits to: Dustin O’Daffer


    My thoughts: There can be the maximum amount of 21 000 000 Bitcoin and at the same time there can be theoretically(and seems like it is same in the reality) infinite amount of USD, AUD, EUR or any other FIAT currency then it is logical to me that the price of Bitcoin is only going to go up long term (at least while they are printing more money and interest in cryptocurrencies stays consistent).

    If you consider investing in cryptocurrencies then I did small cryptocurrency exchange comparison for you. I mention that I use both of them. Binance for trading and Coinspot for hodling.

    Coinspot, buy bitcoin
    Coinspot, most trusted cryptocurrency exchange in Australia

    If you want to invest in Bitcoin and living in Australia then the best way is it to do through using Coinspot.

    Join CoinSpot with my bonus link and you will receive $10 worth of Bitcoin* after you complete your first AUD deposit.

    The Bonus Link: Click here

    Binance cryptocurrency exhange
    Binance Exchange, world biggest global cryptocurrency exchange

    If you are living in the United States or Europe, Australia, or any other country in the world then Binance is the best option for you.

    Binance Exchange is the leading global cryptocurrency exchange, with users from over 190 countries and regions. Capable of processing more than 1.4 million orders per second, Binance is the largest crypto exchange by trade volume and one of the fastest in the world. 

    Although the verification process may take up to 2 days, it is easy to deposit and withdraw and it is completely free.

    Trading fees are as low as 0.01% to 0.1% per trade.

    If you join with my bonus link we both get a 10% bonus of commission of every trade we make. You will get from my trade commissions and I will get from your trade commissions. Your account must be verified.

    The Bonus Link: Click here

    I also want to mention that investing in cryptocurrencies may be very risky and never invest money you don’t afford to lose.

    Investment in cryptocurrencies can be as small as 1$ because there are no fees to deposit and withdraw. No fees to hold your cryptocurrencies on the exchange and trading fees are usually 0.1%.

    I encourage you to do additional research and never do any actions based purely on emotion.

    Other Bonus Links

    I hope this cryptocurrency exchange comparison helped you. If you have any questions I will be happy to help. Let me know your thoughts in the comments.

  • regular posts

    The Personal Finance Books Everyone Should Read

    the personal finance books everyone should read

    Let’s be honest. I don’t read books a lot, but every time I start reading one, it gives me a boost of motivation that lasts for a few months. I just thought I share my favorite personal finance books that I think everyone should read.

    “Rich Dad, Poor Dad”

    (2009) by Robert Kiyosaki

    It was probably the first finance book I read and I must say it has changed my view of money and finances in general. It is really eye-opening and very easy to read and understand. If you have not read this then I recommend you to get this book as soon as possible.

    Rich Dad, Poor Dad certainly ranks as one of the all time classics in personal finance books. Rather than focus on concrete steps for what people can do to fix their financial life, the book presents an alternative mindset about money. According to Kiyosaki, the rich teach their children a fundamentally different view of the financial world.

    For example, the book points out that working hard and even earning a high income is not enough to ensure financial success. Rather, the book emphasizes that the rich work smart and spend more intelligently. Indeed, a person with a $100,000 income and $110,000 in expenses will end the year poorer while a person with a $30,000 income and $20,000 in expenses ends the year wealthier.

    “Rich Dad, Poor Dad” is a must-read for those looking to change their attitude about money and wealth. You can read all the practical books with sound financial advice, but if you lack the mindset to truly build wealth, it will be difficult to achieve financial success. (We provide some classic and lesser-known titles to add to your collection.

    “How I invest in equities”

    (2017) by Seppo Saario

    This book I got my first contact with technical analysis where he demonstrated a very simple and robust moving average crossover strategy. There’s obviously more to technical analysis but this book covers some of the basics.

    This book by the famous Finnish investor and to my knowledge is published in Finnish and Estonian only. Seppo Saario is a highly experienced investor and in his book, he describes his approach to investing in stocks. He starts off with general statistics about stocks being the best long-term investment. He shares personal experience and knowledge on how to get first exposure in the markets; when to buy or sell; some very interesting historical data about investments; how to manage risks etc. Saario writes about what to look for in a company to get the best value, how to avoid mistakes, best practices, and more.

    “The Intelligent Investor”

    (1949)by Benjamin Graham

    The Intelligent Investor is a must-read for any aspiring investor. This book covers pretty much everything related to investing with its over 500 pages of valuable information.

    The Intelligent Investor is the grandfather of investment strategy books. Author Benjamin Graham is often regarded as one of the fathers of the value investing school. The book stresses the importance of fundamental analysis and truly understanding your investments. By learning to analyze potential investments in depth, investors can learn how to spot underpriced stocks backed by robust companies.

    The central tenet of the book is that a scientific approach should be used when directing your investments. Reading this book you will learn to keep your emotions out of your investments and develop a skeptical stance toward anything resembling the type of Wall Street hype that so often gets the average investor into trouble.

    “The Little Book of Common Sense Investing”

    (2007) by John.C.Bogle

    This book’s main topic is investing long term in mutual funds. It covers this topic entirely. This book was really easy to read and understand and I totally recommend it.

    The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.

    While the stock market has tumbled and then soared since the first edition of Little Book of Common Sense was published in April 2007, Bogle’s investment principles have endured and served investors well.  This tenth-anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor. 

    I hope you found this personal finance books everyone should read post interesting and if you have any personal finance book recommendations then please let me know and comment.

    You can read my latest net worth update here.

  • regular posts

    Free budgeting template

    budgeting free template


    It is always a good time to start having a good overview of finances. I am providing you with my favorite and FREE budgeting template that helps me to track my monthly income and expenses. This template is easy to use and will take about 1-2 minutes a day and it provides a summary of all your income and expenses by month, the savings rate, and a nice graph for an instant visual representation of your efforts. The categories on the left provide more detailed information.

    The income and expenses sheets work identically to each other. To have the overview page aggregate all your data, you’ll have to provide the date, select the type of income or expense from a drop-down menu based on the categories on the overview page, and enter the correct amount of money. For future reference, you can also add some detailed information.

    That’s it! The Excel sheet will take care of the rest and provide you with a nice summary of your budget. When a year passes by, just change the year you wish to view at the top of the overview sheet and you’ll be all set. If you ever wish to check your savings rate from a couple of years ago, you can always go back and change the date again. Excel will take care of the rest

    budgeting spreadsheet for free
    Screenshot of budgeting spreadsheet

    Download the free budgeting template here and let me know in the comments what you like or don’t like about it!