As a first and very necessary step, we recommend you to calculate your net worth. We know it sounds very intimidating and does not imply any fun at all, but we guarantee that this task will help you tremendously with further steps. Make one list of all your assets and savings: check account and saving account balances, assets of significant value, retirement account, etc. Make another list of all the things you owe: student loan balances, medical and credit card debts, etc. Knowing exactly what your net worth is can be a good stepping stone, as people feel more motivated to make a change going forward. Moreover, it’s going to be easier to keep finances organised from that point onwards.
Track Daily Spending
Writing down your spending helps you be more aware of your financial picture. We recommend using various smartphone apps that track you financial daily inflows and outflows. However, the good ol’ pen and paper will do the trick just fine. The more aware about your spending, the more likely you are to make sensible and practical decisions with your future finances.
Rank Your Monthly Expenses
Reducing monthly expenses is a sure way to get your spending under control. However, if you are struggling to decide which part is worth cutting, we recommend ranking the expenses in order of importance. Then you can try cutting the bottom-ranked items or services. Another way would be to cut down your largest variable expense by at least 20%. Overall, there is no need to do any radical changes, however every small step counts towards better, more solid money habits.
Out of thousands and thousands of languages in the world, the majority of people will only learn two or three maximum. When travelling around parts of the world where English isn’t commonly spoken, it can be pretty tough to get by. Therefore, a great tip before travelling to a new country is to master at least these few phrases in the language spoken there.
‘Thank you’ is probably THE most important phrase to learn in any language. As a foreigner you will often have to rely on strangers to share information with you, or help you in any way. Showing your appreciation for their help is important. Moreover, they will also appreciate your effort for trying to learn their language.
‘Hello’ and ‘Goodbye’
‘Hello’ is not only a way to direct people’s attention to you, but also is a great conversation opener. Is is essential to be polite and cheerful when speaking to locals, as they could potentially become your friends later.
From asking for directions to letting you through a tight hallway, ‘excuse me’ is a very useful phrase indeed. Saying this phrase instead of forcibly squishing yourself in, will certainly leave a better impression of you in the eyes of the locals.
‘May I have..?’
Even if you don’t know the word for a thing you are looking for, this phrase will be very handy to let the person you are talking to know, what your objective is. This will certainly increase your chances of getting what you want.
Similar situation to the previous phrase. Sometimes a map is just not sufficient. But if combined together with this phrase, you might get the best directions from locals.
‘Yes’ and ‘No’
Usually some of the easiest phrases in most languages, yes and no are extremely important. Simply nodding or shaking your head may mean completely different things in different countries, which might lead to awkward situations down the line.
Hopefully you won’t need emergency help during your travels, but it certainly will help knowing how to ask for it. Better safe than sorry.
From McDonalds to a fancy museum, you never know where you will need to use the toilet. To avoid discomfort, learn ‘bathroom’ or ‘toilet’, and you won’t need to worry again!
‘How much does this cost?’
Being a tourist in a foreign country, it’s a given that you will want to purchase something: a nice little souvenir or a bottle of water on a sunny day. In some cultures, people prefer not to use price tags and expect to bargain with their customers. Learning this phrase might help you on your shopping endeavours, but if your goal is to catch some good deals, we’d recommend diving deeper into this vocabulary topic.
‘I’m allergic to…’ or ‘I don’t eat…’
When faced with food allergies or preferences, simple restaurant visit might be a little intimidating. However, learning this phrase will be a good way to protect yourself from unwanted ingredients. It’s important to note that many countries have a different understanding of vegetarianism, and the dilemma of gluten. Therefore, it’s important to be precise with your dietary restrictions when making a food order in a foreign country.
‘Sorry, I don’t speak…’
In my experience this is certainly one of the most used phrases. Even if you speak a certain language a tiny little bit, it is important to indicate to a local that they are speaking to someone, who won’t understand them very well, and, thus, they will slow their speech down and try speak as clearly as possible to you.
Saving your money and resources is an idea as old as time. However, there are many situations where spending an extra dollar will only be to your advantage. Here are six things that we think are definitely worth their price:
Travelling is one of the most eye-opening exciting things one can possibly do. Next time a holiday is coming up, think to yourself: would you rather save money and spend that time sitting at home, or explore a brand new country? Moreover, it has been reported that people feel happier spending their money on experiences rather than things.
2. Services that save you time
Time is the one thing you can’t get back. Why would you want to spend it doing things that other people might do it faster and fair-priced. Especially if you work a time-intensive job, turning to cleaners and plumbers in time of need might be the best option.
3. Well-fitting clothes
When it comes to clothes, it’s not about the name on the tag, it’s about how well they fit you. A good fit makes all the difference: you are comfortable moving around and look splendid. Therefore, in case you need a shortened sleeve or pant, don’t just leave it at that. Paying for small alterations are certainly worth it, especially when your comfort is on the line.
4. Comfortable mattress
Sleep is extremely important for our health, even if you can’t get the recommended amount of 8-9 hours in your day. Thus, quantity needs to be compensated with quality. It is worth spending money on the mattress that you will spend 5 to 8 hours every night. Not too springy, not overly soft, but a mattress that perfectly fits you and all your needs.
5. Health in general
Investing in your health from young age is essential. Be it a new yoga class, gym membership or fresh fruit and vegetables every day, you need to make sure that your health is taken care of. The healthier you are physically, the better your mental health as well.
Last but not least, education. Increasing your knowledge, expands your human capital, which in turn can aid in commanding how much money you can earn from your employer. Also learning new things keeps life interesting and exciting.