Personal finance
Financial minimalism
Minimalism is often mistaken for a “lack of stuff”. But in fact, it means the exact opposite – having enough of everything we need for a truly happy life. And we definitely don’t need to spend a ton of money on that.
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Book review: Playing with Fire
The book that transformed my perspective of personal finance. It stood at the conception of my attitude towards financial independence. A great book that forces you to think about your values in the context of your finances.
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What is investing and what does it stand for?
Unless a person is self-taught, is interested in or studies investing, they have no way of knowing what investing stands for and how to invest properly. Finax brings you a basic overview of what investing is and explains why should it be part of everyone's life.
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Are you prepared to live 20 years without a payroll?
Pensions are not something that is discussed over a beer in Slovakia. However, it is a subject we cannot afford to ignore, as this period represents approximately a fifth of our lives. How much money will I receive during retirement? And will it be possible to make a decent living from this amount? Will I be able to reach the retirement age at all? These are the questions that will sooner or later begin to bother each and every one of us.
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Why is it necessary to boost monthly investment regularly?
How will the value of your assets increase if you boost your regular payment by inflation or wage-increase? Instructions on how to avoid the surprise of the increase in price that awaits you, when you save with Finax.
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COVID-19 will put a strain on our family budgets - how to be prepared
At the point of a massive outbreak of COVID-19 in Europe, we were all focused primarily on our health and ways to effectively protect ourselves from the virus. The initial panic caused by the virus is slowly fading. However, there is yet another threat looming over the economy. How to be financially prepared for the upcoming months?
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5 New Year's wishes of your money
Hello, here we are, your money. Could you please stop for a moment and read what are our New Year's wishes? You've been coughing at us enough. We also want you to take care of us.
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Emergency fund – in good times and bad times
Loss of work, longer sick leave, leaking roof, broken car or unexpectedly high energy ar-rears. If you do not want such relatively common problems to get out of hand and require unnecessary loans, you need to be prepared for them. The emergency fund serves exactly for this purpose. But how much should you “put aside “? Where should you keep the emergency fund? Is your current bank account sufficient or can you invest it?
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