It seems like everyone took the last week off. Probably one final family vacation before all the kids go back to school. So it’s going to be a short one this time.

From Our Own Site

Nothing this week!

From Traditional Media

Also quiet…

From a few Canadian Bloggers

eerily quiet

From a Few International Bloggers

35 Mini-Missions To Improve Your Life and Money! ✨
I won’t put them all here, but a few good ones are:

  • Day #1: Opt out of buying 1 thing
  • Day #5: Get rid of something you never wear!
  • Day #13: Unsubscribe from all those store emails!
  • Day #14: Hide a $20 bill in your car in case you need one day
  • Day #19: See if you are owed any missing money

Al in all, many of these are life focused (and great mini missions) so if you want some actionable steps for improving your life, definitely go through this!

Spending rate versus saving rate
Here’s an interesting idea: “Saving rate” in the world of personal finance is the same as profit in the world of business.
But that’s not the only interesting idea. Here’s another: having a goal of getting out of debt is not a good goal. Instead of focusing of getting out of debt, you should focus on increasing your income and cut your spending. Then your debt will naturally fall. In other words, getting into or out of debt is a byproduct of how much you earn and how much you spend.
In other words, “If you want to save more, you can’t tell yourself, “This month, I’m going to focus on setting aside 10% instead of 5%.” In order for your saving to increase, you have to adjust your spending (or your income). To set aside 10%, you need to spend 90% of your income instead of 95%.”

7 Proper Ways to Manage your Credit Card
Credit cards are very important to have and use because it’s the best way for you to quickly build up a high credit rating to get loans in the future. However it is also dangerous because it can get out of hand within a month. That said, here are 7 ways to manage your credit card:

  1. Pay your credit card bills on time!
    Even if you cannot pay for the whole amount, always make sure to pay as much as you can!
  2. Make a budget for your credit card spending
    If you don’t, you could somehow end up spending a lot more than you initially thought and that would be a big problem
  3. Keep your credit history clean
    More important once you’re comfortable using credit cards without overspending.
  4. Be aware of your credit card’s outstanding amount
    If you cannot pay off your credit card each month, be aware of the outstanding limit and that it is constantly going down over time
  5. Make sure your credit utilisation isn’t at its limit
    Try to not use more than 30% of your maximum amount because this actually plays a role in determining your credit score
  6. Get the right credit card
    For most people, the right card is always going to be free. Once you check off that criteria, then look at the different cash back or points that the card can offer
  7. Never spend more than you earn
    It’s been alluded to a few times here but never spend more than you earn because there is no way for you to pay it off. The only time this is okay is if you’ve already been saving up for this purchase.