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The Importance of Creating Healthy Financial Habits for Your Future

Managing finances effectively is a critical skill for young adults embarking on their professional journeys. To start, prioritising the creation of a realistic budget is essential. Track income against expenses to identify areas where you can cut back, ensuring you live within your means. Building an emergency fund should be a top priority—aim to save at least three to six months’ worth of living expenses in a separate, accessible account. Consider contributing to a retirement plan, especially if your employer offers matching contributions, as this is essentially “free money” for your future. Additionally, avoid accumulating high-interest debt, such as credit card balances, by paying them off in full each month. This blog site will provide you with further information on educating yourself on financial literacy to make informed decisions, so today's consistent habits can yield significant financial security tomorrow.

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Special Considerations When Getting a Mortgage as a Self-Employed Individual

Posted on January 28, 2025

Securing a mortgage can be an intricate process, but as a self-employed individual, you face unique hurdles compared to traditional employees. While being your own boss has its perks, presenting your financial stability to lenders requires additional preparation. Understanding these special considerations can help you confidently approach the mortgage application process and secure the best deal for your situation. Income Verification Unlike salaried employees who can provide payslips for proof of income, self-employed individuals must go further to demonstrate consistent earnings. [Read More]