Beyond Money Archives

5 Financial Independence Lessons to my post-pandemic self.

This pandemic has played havoc in our lives. In a way, it has challenged the status quo of taking our lives for granted. Personally, this has been a much-needed wakeup call for me to change. If you are in the same situation as me, hopefully, this post will help you take the required steps, to secure financial independence, manage your money by implementing a family budget. So, by profession, I work as an IT consultant. I have joined this company in May 2007 and it's been 13 years and 2 months that I have worked there. I have lost my job this year due to the pandemic, when …

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Does paying kids money make them better for life?

We all think that school should teach our kids on managing money. In a way, we are outsourcing it, like most of the things in our life. Teaching kids about money is a two-stage approach. Stage one is where you gain minimum knowledge about money. Understanding where the money is coming and going and not getting into bad debt. There is the second stage where you want to make money work for you and get higher returns on the money. Your knowledge about money will move you from a secure to a comfortable lifestyle. Gone are the days of the Industrial Revolution, where you can stand …

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A Walk Down the Memory Lane and My Future Plans

I have migrated to Australia in 2002, I have spent 13 years of my life here. While it’s been a good portion of my life that I had lived here, I always feel grateful to experience this country, people and lifestyle. No seriously think of it this way, I was born in a country with one billion population where the majority of the people live below the poverty line. I don’t want to calculate probability but the number will be very low. How lucky one can be to be born in such a place, that too to parents who are not rich but well above the poverty line and not all people above poverty will have the …

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Why You May Be Failing To Cut Down Your Grocery Bill

When I was single, no matter how much I spent at the supermarket, it made a little dent to my bank account. After getting married and with one year old, I have to be aware of my shopping habits and grocery bill- any amount of negligence would break my budget. If not all months, most of the time I manage to cut down my grocery bill within budget. There are months where we indulge in nice restaurants and expensive produce deviating from our shopping list. I always love cooking, preparing your own food itself reduces monthly bill. Even though the cost is not my primary reason (savings is a …

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I was forced to close my Yodlee account, you might be doing same mistake

For those who don’t know what Yodlee is, it’s sort of a feeder that aggregates all your bank transactions, providing you with the facility to generate concise reports on your performance, spending, net worth etc. on demand Yodlee by itself is reputable, they have been around for 15 years with 45 million users and 150 financial institutions counting on their technology. Their technology has been tested against time for security and data privacy and also be aware that they know everything about you, I say they can guess with at-most accuracy -where you would be on a particular day. This service …

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Setting Financial Goals, That Actually Stick

In the story ‘Alice in Wonderland?’ at one point Alice asks Cheshire cat which road to take, the cat asks where she wants to go. Alice, replies she “doesn't care where”, he replies, “then it doesn't matter which way you go”- she ends up wandering aimlessly in her travel. I wonder how many of us are doing the same, living without goals –wandering aimlessly. In past, I have made mistakes, mistakes that shaped my financial future. Looking back I wish I had the same amount of knowledge in my twenties as I have today, I would have been multi folds richer by now (or so I would like to think). …

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