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Showing posts with the label good personal finance management

Top 5 Best Creative Problem-Solving Techniques for Students.

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This post first appeared on Ayi Post. If you are a student, creative problem-solving techniques should be of high interest to you. Because in school, you're constantly solving problems, ranging from tackling tricky examination questions to managing group projects and finding time for everything including your personal well-being.  You might have realized that all school related problems are solved by memorizing formulas or following a rubric. Sometimes, you need to think differently. And that’s where creative problem-solving techniques come in. What are creative problem solving techniques? These are methods to help you generate fresh ideas, approach challenges from new angles, and find solutions when the “usual” ones- the ones you’re familiar with - don’t work. In this post, we’ll explore the top five best creative problem-solving techniques for you as a student, share real examples and tips you can start using today. Let’s  dive in.  Why do students need creative problem...
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Invest In Gold Or Not.

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Investing in Gold. Gold futures prices are currently 36% higher compared to the price a year ago, cnbc reported. The article said: Gold futures prices are also up about 10% year-to-date and currently 36% higher compared to the price a year ago.  What is behind the rising prices of gold? Two reasons stand out: 1. The rising global inflation rate. It’s a common practice by many investors to buy gold and use it as a good inflation hedge. 2. U.S. sanctions on Russia. U.S. sanctions on Russia date back to 2022. These sanctions have been the boost for higher returns on gold for at least a year now. Would global headline inflation continue to rise or would it fall in 2025?   IMF said that it is expected to decline. The bank said: Global headline inflation is expected to decline to 4.2 percent in 2025 and to 3.5 percent in 2026, converging back to target earlier in advanced economies than in emerging market and developing economies. Would US lift sanctions on Russia? U.S. President...
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Why is financial literacy important to good personal finance management?

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  Do you have a plan for your future? The answer is most likely a quick YES! Does that plan include a financial plan (a budget to control your spending, saving and dictate your invesments)? The answer more likely a NO!  Many make plans for the future without including a financial plan in them. Why do they ignore this all important map and means to get to their goals? It's most probably because they don't have a financial literacy.  What is financial literacy? Financial literacy is the acquisition of at least,  a basic financial knowledge that helps you to know how to fill your needs, spend responsibly and still set aside (save) a portion of your income for the future.  Why is it important to save a portion of your income? So that you can have a significant portion of capital that may be required to invest, grow and secure a lifetime financial stability Also for the sake of the protection of your investments (and your entire personal finance) against future risks...
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