What is personal finance?
Personal finance is all about managing your money like a boss! It’s all about finding ways to save cash, spend smart, and make your money work for you. It’s like being in a relationship with your money, but unlike a real relationship, you don’t have to spend hours listening to your money’s problems. It’s all about being in control and making sure you have enough dough to afford the good things in life, like avocado toast, Netflix subscriptions, and impromptu vacations. So, in simpler terms, personal finance is all about making sure you don’t run out of money before payday.
The most popular personal finance blogs on the internet
There are many popular personal finance blogs, but some of the most well-known and widely-read blogs on personal finance include:
- The Simple Dollar – This blog offers practical personal finance advice and focuses on budgeting, saving money, and investing.
- Mr. Money Mustache – This blog focuses on financial independence and early retirement through frugal living, smart investing, and simple living.
- Get Rich Slowly – This blog covers a wide range of personal finance topics, including budgeting, saving money, investing, and retirement planning.
- Wise Bread – This blog offers personal finance advice and focuses on frugal living, smart investing, and saving money.
- The Frugal Girl – This blog is focused on frugal living and personal finance, with a particular emphasis on food and cooking.
- Consumerism Commentary – This blog covers a wide range of personal finance topics, including budgeting, saving money, investing, and retirement planning.
- I Will Teach You To Be Rich – This blog is focused on personal finance, with an emphasis on investing and building wealth. Ramit Sethi also has a Netflix show under the same title.
- The Budgeting Babe – This blog is focused on budgeting, saving money, and personal finance, with a particular emphasis on the challenges faced by women.
- The Financial Samurai – This blog covers a wide range of personal finance topics, including budgeting, saving money, investing, and retirement planning.
- The Mustachian Post – This blog is Swiss based and offers amazing money saving tips. I particularly like the write ups about property.
- The Money Monkey – That’s me! Hopefully this blog would be ranked number 1 one day 🙂 For now, I will cover practical personal finance and money saving tips especially for the international civil servants or UN staff.
What are the best tips on personal finance?
Different personal finance blogs have different tips, but some common tips that are often found on personal finance blogs include:
- Create a budget: One of the most important tips for managing your personal finances is to create a budget. This will help you understand where your money is going and where you can cut back on expenses.
- Live below your means: Many personal finance blogs recommend living below your means, which means spending less than you earn. This will allow you to save more money and invest in your future.
- Create an emergency fund: Another important tip is to create an emergency fund, which is a savings account set aside for unexpected expenses. This will help you avoid going into debt when unexpected expenses arise.
- Invest in your future: Personal finance blogs often recommend investing in stocks, bonds, real estate, or other assets to build your wealth over time.
- Pay off debt: Personal finance blogs often recommend paying off high-interest debt, such as credit card debt, as soon as possible to save money on interest charges.
- Save for retirement: Many personal finance blogs recommend saving for retirement as early as possible, or other retirement savings plan.
- Learn about personal finance: Personal finance blogs often recommend educating yourself about personal finance and learning about different investment options, tax laws, and other financial strategies.
- Live frugally: Many personal finance blogs recommend frugal living, which means looking for ways to save money on everyday expenses.
- Automate your savings: Personal finance blogs often recommend setting up automatic savings plans, which automatically transfer a portion of your income into a savings or investment account.
- Be mindful of your spending: Personal finance blogs often recommend being mindful of your spending and looking for ways to cut back on unnecessary expenses.
You can find more tips on saving money here.
Are there any tips specially for UN staff living in Geneva?
- Take advantage of the UN staff benefits: As a UN staff member living in Geneva, you may be eligible for a number of benefits and perks, such as housing allowances, tax exemptions, and educational opportunities for your dependents. It is important to understand the benefits available to you and to make the most of them.
- Be mindful of the high cost of living in Geneva: Geneva is one of the most expensive cities in the world, so it is important to budget accordingly and to be mindful of your spending.
- Sign up for UNFCU and La Mutuelle: Only UN staff can get access to these financial entities. They offer amazing advantages such as higher interest rates for CHF or USD and a very good USD credit card that offers 1% cash back.
- Join the UN staff union: Joining the UN staff union can provide you with access to a variety of benefits and services, such as legal assistance, insurance, and financial advice.
- Benefit from the UN health insurance: As a UN staff member, you may be eligible for health insurance coverage through the UN. It is important to understand the coverage available to you and to make the most of it.
- Capitalize on the UN pension plan: UN staff members are eligible for a pension plan, which can provide a very good source of income in retirement especially for those who spend at least 25 years working there. It is important to understand the plan and to make the most of it.
- Make the most of the UN staff recreation facilities: The UN provides a variety of recreational facilities, such as gyms, swimming pools, and sports fields, that can be used by staff members.
In conclusion, personal finance doesn’t have to be a bore. With the right mindset and approach, you can achieve financial independence and security without sacrificing all the fun in your life. Remember, the key is to stay focused on your goals, be mindful of your spending, and take advantage of all the benefits and resources available to you. And if all else fails, just remember, a little bit of ice cream never hurt anyone’s finances. So go ahead, treat yourself, you deserve it! Make sure you follow the monkey and subscribe to us!