Any sufficiently advanced technology is equivalent to magic. – Arthur C. Clarke (Author)
If you thought the age of wearable technologies (wearables) is passe. Think again. Coz the market is ripe with rumors about a fabulous comeback of the wearable technologies with a bang.
A new report published on the official website of the International Data Corporation (IDC), global wearables market are expected to double by 2021. The IDC forecast says vendors will ship around 125.5 million wearable devices in 2017 alone – a significant bump of 20.4% as compared to 104.3 million units shipped in 2016.
The wearable markets will continue its forward march to reach a 240.1 million figure by 2021 that would result in a 5-year compound annual growth rate (CAGR) of 18.2%.
Ramon T. Llamas, a research manager at IDC’s Wearable arm, has said that digital assistants, connections, and connectivity to larger systems from 2nd-generation and 3rd generation devices will be more functional, both at home and work and will make today’s gadgets obsolete.
Top 4 wearables to watch out for in 2017
Apart from the above, latest wearables like non-AR/VR eyewear, clip-on devices, etc will hit the technology market across the globe.
Twenties is the right time to practice good financial habits. Because, at this age every one should prioritize their finance in order to make a smooth financial life. If you’ve a habit of spending more than what you earn, it would be really difficult for you to fight with debt. The major reason that people incur debt is because they don’t know how to live within their means. If you have a couple of credit cards in your hand and indulge into heavy shopping without thinking about future consequences, then you’re in trouble. Once you fall in debt, you’ll realize how difficult it is to get rid of it. It is better that you start building new habits to become a money saver. My article can give you some suggestions.
Financial habits you can build in your 20s
Here are the 11 habits that can help you stay financially independent not only in your 20s but throughout your life.
1. Set up a goal
You should have some reasons to save money. Think what do you want? A home, financial independence, getting rid of your student loan debt . Take your first step and achieve one by one. Your desire will inspire you to save money and thus you can build a good money habits as well.
2. Give yourself a deadline
Always fix a date by which you can meet your goal. This will give you a push to save money. Think about your goal once a day. Thus, you can avoid big expenses and stay within your budget.
3. Create budget and modify accordingly
Budgeting helps you spend less than what you earn. This helps you to save more as well. As you expend less and save more, you incur less debts and even if you do incur some, you’ll have the money to pay those off. You’ll have to make a list of your income and your expenditures in order to create a budget . A budgeting calculator can help you prepare your budget. If required, you’ll have to analyze and also modify the budget from time to time as per the changes in your income and your expenditures.
4. List items of your requirement
At the beginning of every week you should list the names of items you would require throughout the week. This list should only include items of necessity and not luxury. You should then visit the mall once a week to buy things you’ve written down in that list. You should remember to carry the list with whenever you go for shopping.
5. Use cash for shopping as much possible
One of the major reasons why young people get into debts is credit cards. When you’ve a credit card in your hand, you can barely resist the temptation of buying anything that catches your fancy without thinking whether or not you at all need it. Instead if you use cash for purchasing, you would not be able to spend much even if you want. This is because you cannot carry too much cash always.
6. Stay within your means
You’ll have to change your style of expenditure in order to save money. That is, you’ll have to become more disciplined and lower your expenditures as much as possible. In addition, lower the usage of credit cards as these incur higher debts.
7. Make a habit of using coupons
Coupons are a great way of saving money. You can collect coupons from newspapers, magazines and even some websites which allow you to download free coupons. Thus, you can use these coupons to buy items on discount. Talk to your parents or elderly persons to get some information about couponing.
8. Make your own food always
Eating out, ordering food or buying lunch can make your pocket considerably lighter. It is better you skip eating out except for those very rare occasions when you want to go for dinner in a restaurant to celebrate anything. You should also carry brown paper bag to office so that you don’t need to buy food.
9. Set up an automatic savings account
Set up an automatic savings account to avoid spending money on something else. You can ask your employer to directly deposit a certain amount of money from your salary into the savings account. Pay yourself before paying others. Start small with just 1%-2% of your salary. Once it becomes a habit, you’ll see how fast your money grows.
10. Fight with debt
You should work on your financial obligations as soon as possible. The sooner you pay off your debts, the quicker you can start saving money. Try to pay the high interest debts first. Try to fix your credit card and student loan debts now.
11. Give priority to your career
Take your job seriously because your profession will give you a smooth financial life at the age of 30. A good job is always a steady source of income. Work hard and acquire advanced skills in order to stay financially secure in the long run.
Try to learn more about banking, investing, handling finances and so on. Read journals and financial magazines. Visit good personal finance websites and follow financial market on TV channels. These all are good habits you can build in your 20s. Thus, you can discover your own ways to deal with money as well.
Hey Guyz..this is the continuation of the last post. Let’s check on some more of those things which we can cut off from our budget and save some bucks..yeah!
Makeup kits – If you are a lady, your makeup, especially lipsticks, mascaras, liners and many other make up utilities will cost thousands. I have seen most of the ladies always toss their make up things after using, here and there. anything you haven’t worn in the past year, you can gather in one bag and sell them or you can reuse them through the help of a professional makeup artist.
Books – Books are one of the most important part of our daily life. Many people doesn’t love to read, but fortunately, that number is decreasing day by day. Other part on the people thinks that books are specially made for decoration purpose. But either way, if you are not using them, you can utilize your collection and donate as many books as you can to the local library, a orphanage, or gift books to friends and relatives.
Bathing stuff, frilly soaps and scented candles – If you have these items, don’t use them to fill up your closet. You might be saving them for a special day. It is ok, but what you can do in the meantime is to keep them along with your clothes in the same closet. Your clothes will be scented without any hassle.
Vases – Use old vases for different purpose. You can use them for growing trees, use them as show-pieces. Recycle them by giving a personal touch, paints, ribbons and give them as a gift to your loved ones.
Closet hangers – Hangers always jumbled up with each other and looks messy. So, better not to buy so many of them. Use uniform slim hangers which will save space and looks neat, keeps your clothes longer. Clear your closet from stuffed wire hangers and contact the cleaners who will accept your old hangers.
Hey Guyz, Today I am gonna discuss about some common things which we normally have in our possession, some personal things may be. These are day-to-day commodities which we need practically everyday. But we usually gather multiples of them without any proper reason, so few of these turns into too many of them. Let’s check on some of those which we can cut off to save some bucks..yeah!
Bed Sheets – If you have more than two kids and you need to change bed sheets daily, then you really require more than two or three sets of sheets for your each bed. But if you have a grown child then you don’t need ¾ pairs of bed sheets, 1 or 2 sets will be more than enough for you. So, stop buying extra pair of sheets. Keep looking for quality instead of quantity, consider comfort rather than luxury. You can also have some bucks in your pocket if you sell your old sheets to a garage or backyard sale. You can also donate old pairs to dog shelters.
Transparent glasses – You’ll prefer Wine glasses, specially for drinking juice or soda, martini glasses for party…right? But seriously, do you really require different glasses for different purpose? Some people will disagree, but if you also go for the trend, it will fill your cupboards but simultaneously empty your wallet. Many of us normally use same glasses for drinking different beverages.
Handy towels – Similar as bed sheets, the towels. Is it necessary to change new towel in every week or month? Or much worse, after every bath or shower? Many people use different towel for different purpose. Like – a hair towel, a bath towel, a hand towel etc. Don’t change it so frequently, if you really want to change it, donate old towels to some place else like an animal shelter or something. Put aside big ones to use it on the beach or while having a tan beside the pool. Make space in your closet by buying less number of handy towels, increase using old ones more often.
Cleaning/Grooming Products – Specially for ladies, whether it’s face products, hair products, nail products, hair baubles or anything else, we are all a bit choosy. We normally always try to gather the best with great prices. But now it is time to eliminate that habit. Modify your routine, whether it’s a bath product or a cleaning product, cut out things you don’t use. Try to use low budget commodities, like medicated products and local made cleaners, stop going for the brand. It will save a lot from your budget.
To be continued…
One of the toughest job you have to perform as a parent is to raising a young child. This job will involve most of the time in your daily routine. There is so much you have to do in very short time that you might have ignore the financial life of your child. So, do not underestimate the importance of financial planning in your child’s life. Check out the below given mistakes which you should avoid being young parent.
Hi folks… This is the continuation of the last post of mine. Hope you’ll enjoy these one also.
Search new ideas to increase net worth – You can try new ways to grow your net worth. You can lower your debt, you can grow your savings or develop your income capacity, whatever you want to do. Always find new ideas for growth of income. As soon as you can see increase in your net worth, you’ll be boosted to work more hard than ever.
You need to develop good financial habits to achieve any goal. Similarly, if you want to gain financial stability and total success in your life, you must also need to work hard to grow constructive habits. As we all know, bad financial habits can make your financial life miserable, similarly good financial habits can also make your finances grow more than ever. So, let’s have a list of some common good financial habits which we can implement in our daily life.
Here goes the list in no particular order:
To be continued…
Hi folks… This is the continuation of the last post of mine. Hope you’ll enjoy these money saving ideas.
Hi folks…In this article I am discussing about the reason which prove us to spend most of our monthly income. Learn how to recognize these reasons and enjoy these money saving ideas.
The most common reason for an individual to not saving enough is lack of self-control. But seriously, is it so problematic that a person can not handle it properly? No, it will take serious attention and a lot of self-control as well. So, what happens is, whenever you have a sudden costs to cover urgently, you’ll forget everything else, even your other priorities like education and medical costs.
So, it is clear that there are many reasons which will force you to spend without any limit. But actually, if we try to reduce those reason first, in spite of trying to save money, we will come out with flying colors definitely. So, here goes some of the main reasons which will poke you to spend without thinking for tomorrow :
To be continued…
What you should do and what you don’t while having a debt-management services 2
Hi folks… Hope you are enjoying my posts, this is the continuation of the last post. If there is any modification required, regarding my information or my writing, please don’t hesitate to post your suggestions.
Now it is the perfect time to show what you must prevent while looking for a debt management.