Personal Finance
5 reasons why I don’t use a budgeting app
By Rainbow Coin  •  December 20, 2015
I have tried it but eventually gave up. Here are the top five reasons why I do not fancy a budgeting app: 1. I don't like to do frequent data input. It can get quite irritating at times if I forget to key in any income or expense and it's a headache to count 'every cent in the wallet'. 2. I consolidate spending / savings on 3 monthly basis, since online banking statements are usually laid out in 1-3 months frame. I do a personal cash flow excel sheet yearly (or half yearly, depending on my mood) and review what are the unnecessary expenses. 3. I have a rough mental monthly budget on regular fixed spending, example: daily meals, transport, insurance. Then I just take note of any extra spending that month, example: books, clothes, gadgets, travel (which I don't splurge on regularly). Groceries are all accounted for using one ......
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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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