Personal finance
Car depreciation - expense that is often overlooked
The decline in the value of a car due to its use or in other words depreciation, is the biggest expense associated with the car and is often overlooked. In this blog we will take a look at it. How does the car value decrease with its use?
Read more
Book Review: The Millionaire Next Door
Have you ever thought about how the regular people become millionaires? The authors of the book The Millionaire Next Door, William D. Danko and Thomas J. Stanley, spent years analyzing the behavior of American millionaires. This book will show you the way to become a millionaire yourself.
Read more
12 tips on how to save hundreds of Euros MONTHLY
Let’s be honest, saving money is difficult. If you can’t make yourself start saving money, you are not alone. Majority of people live from paycheck to paycheck, and that’s not alright! Many of you could benefit from a list of simple steps that will help you increase your savings.
Read more
10 DAILY habits that will help you save money
As the saying goes, habit is the second nature. If we acquire bad financial habits, our „second nature“ will limit us financially. If we want to lead a better life, we need to change our habits. We bring you 10 simple daily habits. If you manage to adopt them in your daily life, in a couple of years you will have saved a solid amount of money.
Read more
10 tips on how to reduce your WEEKLY expenses
Saving money can be difficult. However, if we do it regularly, we can make it a habit and over time it can lead to significant wealth. The last blog was focused on the bigger, monthly expenses. Today, we will have a better look at the weekly expenses.
Read more
Book review: Rich dad, poor dad
This book made me look at money from a different perspective than I had known before. Everyone who is interested in managing their personal finances in a better way should read this book. It should be a part of your path to financial literacy.
Read more
Book review: Your Money or Your Life
Financial Independence, Retire Early (FIRE) has become a goal of many people in recent years. The idea of early retirement and having free time certainly sounds better than living in a predetermined way: 40 years of work and surviving in retirement. Today, we will have a look at a genre classic from 1992 - Your Money or Your Life written by Vicki Robin and Joe Dominguez, which represents the beginning of the FIRE movement.
Read more
Free audit of your investment and savings products
Have you ever wondered whether you are investing correctly? Do you have any doubts regarding the profitability of your mutual funds, investment portfolios, unit linked insurance plan or you have no idea what fees you have to pay? Finax offers you a free review of investment products. We will compare the costs, historical returns and risks of your instruments with Finax's portfolios. Find out how you can get answers to the questions that come to your mind?
Read more