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Tag: Personal Finance

How did I manage not to buy anything on Black Friday?

I don’t remember if I’ve ever bought anything on Black Friday. Except in 2014, when I’ve bought my own apartment and we were going to move in in December. Back then we ordered the necessary home appliances (fridge, washing machine, stove) on Black Friday. I don’t know how much money we saved on those, as I didn’t track the prices for months prior the big day, we just ordered them because we would have bought them anyway a week or two later. But except for that one year I didn’t buy anything… Want to know how I did it? Continue reading How did I manage not to buy anything on Black Friday?

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Your car is not an investment!

I’ve pretty much learned my lesson about depreciation with my first car. I’ve bought it new and after 6 years I donated it to my father, mostly because it lacked AC and engine power. Because it was an affordable cheap car, I gave it everything to keep it in tip-top condition, but didn’t “invest” in improvements. I didn’t track every penny spent on that car, but the values returned by the Car Running Costs Calculator alone hurt. A lot. Continue reading Your car is not an investment!

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Personal finance – we’re doing it all wrong

To be honest, I did not hear about personal financing until I started working. I had some idea about saving, because I’ve always been saving for something when I was a child: a new bike, a new computer or after I have turned 18, a car. But I shouldn’t be surprised, since in this corner of the world only a few people have some financial education and the chances that you have such a person in your circles who could act as a role model in this area are very low. Unfortunately in our country most people don’t trust the banks (which is not necessarily a bad thing) and instead of creating deposits, they hide their money under their mattresses. A lot of people only use their cards to withdraw money from the ATM and still use cash when paying in supermarkets.

Continue reading Personal finance – we’re doing it all wrong

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