ABV Marketing

What Is Stress Shopping❓

👉 Stress shopping is the act of spending money in an attempt to improve one’s mood or eliminate stress. This behavior has become so common that it is often referred to as “retail therapy.” Unfortunately, stress shopping can easily derail your budget, or worse, lead you to incur massive amounts of debt.

💸 Even periodic lapses in judgment due to stress can add up to significant financial impacts over your lifetime.

What is fundamental analysis? 🧐

👉 It is the study of how global economic news and other news events affect financial markets. Fundamental analysis encompasses any news event, social force, economic announcement, Federal policy change, company earnings, and news. These are the most important Fundamental data applicable to the Forex market, which is a country’s interest rates and interest rate policy.

👉 The idea behind fundamental analysis is that if a country’s current or future economic picture is strong, its currency should strengthen. A strong economy attracts foreign investment and businesses, meaning foreigners must purchase a country’s currency to invest or start a business there. So, essentially, it all boils down to supply and demand; a country with a strong and growing economy will experience a more robust market for their currency, which will work to lessen supply and drive up the currency’s value.

👉 One main reason a country’s currency becomes more valuable as its economy grows and strengthens is that it will typically raise interest rates to control growth and inflation. For example, if the Australian economy gains strength, the Australian dollar will increase in value relative to other currencies. Higher interest rates are attractive to foreign investors. As a result, they will need to buy Aussie dollars to invest in Australia. Of course, it will drive up the demand and price of the currency and lessen its supply.

6 Jars financial management system is striking in its simplicity and, at the same time, efficiency.

Immediately after receiving income, distribute all the money in 6 jugs or envelopes in a particular proportion 👇

🍯 1ST PITCHER - FOR A LIVING (55% OF YOUR INCOME) 🐝

👉 All your daily expenses to ensure a comfortable existence. These are food, clothing, shoes, travel, bill payments, household expenses.

🍯 2ND PITCHER - ENTERTAINMENT (10% OF INCOME) 🐝

👉 Put funds intended for pleasant leisure. Go to a restaurant, bar, cafe on weekends, cinema, theater, and other lovely things.

🍯 3RD PITCHER - SAVINGS (10%) 🐝

👉 This part is closely intertwined with the "pay yourself first" law of wealth accumulation. This money intends to create investments to generate passive income. Money will make money, and the more there is, the more significant the amount will be in the end.

🍯 4TH PITCHER - FOR LARGE PURCHASES (10%) 🐝

👉 Money intended for high-value purchases: TV, laptops, household appliances, etc. It will allow you to safely save money for the right thing without attracting credit money. And at the same time, you will understand the price of the item. As a result, you can significantly save on interest on the loan.

🍯 5TH PITCHER - GIFTS (10%) 🐝

👉 This category includes gifts and expenses related to the holidays: birthdays, weddings, funerals, etc. For example, if you are sitting with practically no money, there is still a whole week before your paycheck, and you were unexpectedly invited to a wedding.

🍯 6TH PITCHER - EDUCATION AND SELF-DEVELOPMENT (5%) 🐝

👉 Spending on education, both for you and your children: various courses, tutoring services, buying literature, and training courses. Payment of school fees. It also includes expenses for a healthy lifestyle.

We all want wealth, but how can we get it? How to get rich? ⏱💶

Wealth begins with a successful career - after all, you need to collect the initial capital for investment.
Your successful career depends on your knowledge, skills, and professional connections. Invest in yourself - graduate from the best school and university, buy books, go to work where you can acquire the necessary skills, even if you have to work for a slightly lower salary.

Pinpoint your talents and find a way to turn them into a money-making machine. A successful career will help you build up your initial investment capital and give you great ideas for investing your capital. This way, you can become a successful investor and know how to invest money correctly.

"Invest in yourself. Your career is the engine of your wealth." - Paul Clitheroe.

WHEN CASHBACK CREDIT CARDS ARE A GOOD IDEA? 👌

If you pay your credit card bill off in full every month, then cashback credit cards can be a great idea. It is because you’re getting rewarded for spending money you would have spent anyway.

If you don’t always pay off your credit card bill in full, then cashback credit cards are not a good choice.
Although you’ll earn cashback on your spending, this will usually be less than the interest charged on your outstanding debt.

HOW DOES CASHBACK WORK? 🤔

If a credit card pays 1% cashback on all purchases, you could earn £50 if your annual spend is £5,000. But make sure you pay your balance off in full each month. Otherwise, the interest charges will almost certainly outweigh the benefits.

Each time you use the card, you earn a percentage of your spending back in the form of cashback.
This cashback pays annually, though some cards will pay cashback monthly. For example, if your card pays 2% cashback and you spend £100 in a shop, you’ll earn £2.

Most cashback cards credit the amount you earned onto your statement, reducing your credit card bill. Some cards send the cashback to a bank account so you can spend it or let you convert it to points or vouchers.
Reward points can usually exchange when you have enough to qualify for a ‘reward.’

👇 Cashback cards come in various forms:

👉 Some will pay a flat rate of cashback, no matter how much you spend or where you spend it.

👉 Others pay tiered rates of cashback depending on how much you spend. For example, 0.5% if you spend less than £6,000 annually and 1% if you spend more. Be careful. It doesn’t tempt you to spend more than you can afford to repay comfortably.

👉 Some cards offer different cashback rates depending on where you spend your money - for example, 1% on money spent in supermarkets, 2% on money spent in department stores, and 3% on energy.

What are bonds?

Bond is security confirming that the person who issued it undertakes to pay, within a certain period, the amount of the bond's par value in cash or another equivalent. Also, the bond may assume the presence of payment of interest or coupon yield to its owner - the investor.

Thus, the yield on a bond consists of two parts: the coupon yield and the difference between the purchase amount and the sale or redemption amount.

5 correct financial habits:

1. Calculate your expenses
The habit of counting your spending can be essential for your financial health. Because when you consider your expenses, you can see spending at the level of the month and year and understand where your money is going. It will help you take control of your spending. It's the first step towards your financial goals.

2. Save some of the money you earn.
If you spend everything you earn rather than invest, you are depriving yourself of the opportunity to set yourself big financial goals and achieve them. On its basis, you can already set financial goals, plan your costs and save and increase your money.

3. Look for a reasonable price.
Please note that this is not about savings but a bargain price. There is nothing wrong with paying a lower price for a good quality product or service. And spending your time looking for a better deal is often more profitable than taking the first available product or service for the sake of speed.

4. Plan your expenses.
By the way, this is what often interferes with saving and saving. Most of the things we use have a limited life. There are, of course, exceptions, but a TV, washing machine, or microwave does not last forever. Many people should build this habit into themselves.

5. Constantly look for opportunities to increase your income.
It is another habit that will serve as another step towards your financial well-being. The first reason to build this habit is inflation. Money in our world is constantly depreciating, and over time our expenses increase, even if we do not change our practices. The second reason is that higher incomes often mean development.

Personal budget and planning 🔝⏱

Just as the state has a budget, so each person should have their budget. Planning income and expenses is financial literacy, and costs should not exceed income. In case of unforeseen life situations, everyone must have a reserve fund - a financial safety cushion.

What is a budget? It's simple - it is essential to know the amount required for the current life and allocate at least a small part of the income for financial purposes every month.

Managing personal finances does not mean that you have to deny yourself everything, be greedy and completely deprive yourself of the joys in life. On the contrary, the idea is to take the quality of life to a new level. The fact is that according to statistics, many people spend 20-30% of their income on spontaneous purchases. After a month, it is already impossible to remember where money is.

These days, dedicated mobile apps help you keep track of your spending.
Start recording all of your expenses, and you will notice how much was spent in a week, month, and year.

Credits and investments

In general, the attitude towards loans among the majority is unequivocally negative. But from the point of view of, for example, professional financiers, it isn’t correct.
Money is money, even borrowed money - it’s a tool you need to know how to use.

It’s always possible and necessary to invest, at least in small amounts. But first, you must figure out your finances.

Credit isn’t a bad thing. For millions of families, it’s a real chance to live in their own homes.
It’s another matter if the loan that you took out does not allow you to live calmly, accumulate a safety cushion, or pay some unexpected expenses.

Usually, in such a situation, it is recommended to try to refinance the credits.

Create at least a small additional source of income - ask for a raise, take a part-time job, including online, and improve your qualifications.
If you take at least one of these steps, it will become easier for you with payments.
It will give you the space to create a financial cushion and invest.

If you want to learn more about financial literacy - welcome to our ABV Marketing website!

Passive income: what it is and how to get it?💶🙀

When you work and receive a salary, it is an active income. But if you suddenly lose your job for any reason - layoffs, illness, have not gotten along with your boss - this income will be lost. Passive income is money that regularly comes to you, regardless of your age, health, and ability to work. 😿

It is worth taking seriously planning passive income because it is usually created not in a month or even not in a year. First, you need to decide when you will need additional income in three, five, or ten years. Determine how much money you need, for how long, and how often you want to receive payments: once a month until the end of your life, periodically - for example, once every five years, or on some other schedule. Think about how you can save - a little from each salary, from a bonus once a year, or just once when you receive an inheritance. The timing and amounts must, of course, be realistic. Once you have decided on your plans, you can choose the most suitable tools.

What is the difference between a business analyst and a systems analyst?🧐

Although both a business analyst and a systems analysts deal with the process within an organization, there are differences that affect the nuances of their functions. If you consider a business analyst their focus is more on the business and the broader context of the business’s objectives and changes.

📈A systems analyst has a greater focus on the creation and implementation of requirements specific for specific systems with a more technical approach to the work they do.

📊A business analyst’s role might refer more to concepts like company culture, important changes, and training and development whereas a systems analyst would be dedicated to more technical considerations.

What is an Index Fund and what are its benefits❓

An index fund is a type of investment that follows the returns of a chosen stock market index or type.

A "stock market index" is a bucket of companies that possess one or more similar characteristics:

This approach holds many advantages over investing in individual stocks as your portfolio becomes diversified.

Clearly, the opposite is also true: investing directly in stocks have the potential for much greater returns.

However, stock investing requires the time and skill to study individual companies and their financial prospects.

For the majority of people, index funds are a safer way of generating healthy returns over the longer term.

Do you invest in index funds or individual stocks❓

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