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10 Tips to Establish Financial Independence in your 20’s

04/10/202304/21/2021 by -

Want to save more in your 20’s? Start building habits right away that can help you achieve this goal because when it comes to saving, consistency matters. For many young adults, managing finances could be quite overwhelming. Once you are out of college, you need to start thinking of getting a house, medical insurance, and whatnot! Above that, you have no experience in managing your finances.

In this article, we are sharing the top 10 ways to establish financial independence in your 20’s so that you can live the life you always wanted.

1. Start setting budgets for financial independence

If you are still in college or have just started working, you must start setting budgets for everything. A budget is just a fancy term for a plan on how you are going to spend your money.

Start with taking note of all your expenses. Include every little thing in this list, from buying groceries to paying for your gym class. Then, see where you can cut costs. For instance, if you are someone who eats out most of the time, try cooking meals at home and see how your savings go up!

2. Do not rely on your credit cards much

Credit cards make it possible for us to get what we want. But, when it comes to paying the bills, it becomes tough. So calm your mind a little and stop yourself from using your credit card unnecessarily. Many young adults have started using their credit cards only at the time of an emergency.

If you are buying anything on monthly installments, make sure to get a no-cost equated monthly installment (EMI). In no-cost installments, the bank charges no interest on your credit card bill. This way you can pay a large bill in a few months. However, large monthly installments would block your credit limit. So in case of an emergency, you might not be able to use your credit card. Therefore, make sure you opt for a small loan.

3. Live a frugal life

If you want to manage your expenses in your 20’s, stay lowkey and authentic. This means even if you have a car, choose public transportation for commuting to work as it would save you money. Do not go crazy behind brands and make sure to spend your money on shopping wisely.

If you have a $300 purse, but you have nothing to put in it, your purse isn’t worth it. But, if you have a $10 purse with $290 in it, the value of the purse automatically increases. You may also try and cook meals at home instead of eating outside. The bottom line is to learn to live within your means and save as much as possible.

4. Say no to borrowing

Whether it be your mother, father, sibling, or any other family member or friend, make sure to borrow no money from them. Then only you will be able to reach financial freedom in your 20’s. Learn to manage your expenses on your own as much as you can. Even if you have to get a loan from them, maturely approach your parents and make sure to repay their loan as soon as possible. Building financial independence is more about feeling financially independent.

5. Check your spendings

Setting up a budget is not enough, you need to keep a check on yourself and your savings. Doing this regularly will help you analyze whether you are meeting your monthly spending goals or not. Gather your monthly bank statements and make sure to balance your accounts and keep track of all the transactions that took place. It might seem a lot right now but once you will get into a habit, it will become easier for you to track your spending records.

6. Avoid impulsive shopping

Do you often shop based on your feelings and emotions? Many young adults go out shopping when they are feeling bored, depressed, or extremely happy. At such times, they shop for things that they might not need and all this disrupts their savings. First of all, make sure you do not shop impulsively. Secondly, make sure you have a list every time you go out shopping. You need to buy things that are mentioned in that list. Do not let any attractive offers lure you. Just a little organization and you will be able to enhance your savings.

7. Make savings a priority

Do you often save money after everything else is taken care of? Well, change this habit as early as possible. Make your savings a priority. Whenever you receive your monthly salary, make sure to save some part of it. Then, keep the rest for investing and paying bills. Many people follow the 50-3-20 rule. Based on this, 50% of their earnings go to their basic needs, 30% of their earnings go to their wants and 20% of their earnings go to investments and savings. You may alter this figure based on how much you earn.

8. Try minimalism!

This could be your next lifestyle. Minimalism, as the name suggests, means living with the things that you need. We often have this habit to fill our houses with everything. We might have fifty dresses back at home and still won’t hesitate to shop for another one. We never hesitate to buy a new decor item for our house or a new shining bedsheet even if we have many in stock. All this leads to unnecessary spending and would never let you reach financial independence in your 20’s.

9. Look for deals

Daisy, who works as a finance expert at GoDissertationHelp says, “you can save a lot on things you normally buy such as groceries or clothes. All you need to do is wait for the right time. For instance, many online grocery stores offer huge discounts on certain days every month.” Similarly, online retail stores like Amazon offer huge sales on special days like festivals and end-of-season. You can buy clothes, furniture, or decor items on such days.

10. Be patient until you reach financial independence

Learning how to manage your finances is a process, just like taking assignment help. Do not expect yourself to master this technique in just one day. Sometimes you might shop impulsively. Sometimes, you might not be able to save up to 20% of your income. When these things happen, be kind to yourself and do not feel guilty. John, who works as an academic assignment helper says, “your goal should be to watch yourself from spending money unnecessarily and learning from your mistakes. Do not let your mental well-being get harmed while spending less and saving more. Slowly, you will learn to overcome your emotions, and then you will become financially independent.”

Wrapping up

Building a habit to save more and spend less takes time. Hope these 10 tips will help you establish a ritual to save more money in the future. No matter what you choose, never compromise your health for money. You are still in your 20’s. It is great at least you have decided to save for the future. But you still have a lot more days and a lot more potential to accomplish your goals. Just never give up!

Top 6 Types Of Case Study And Its Features And Methods

04/10/202303/19/2019 by -

Before we can talk about types of case study and the features, we have to know- what is a case study? It is a method of research that uses a well-detailed, thorough and exhaustive examination of the subject matter at hand and its condition as at that time. A case study is a form of research that is why it is called case study research.

There are different types of studies for different sets of researchers, and each has a different case study format. It is usually a learning tool for Teachers, historians, social workers, etc. the researcher recognizes definite problems by thorough investigation and several discussions on the issue in question. They are then able to identify the key contributors and aggravating situations.

Case Study Structure

By virtue of its Nature and for you to know how to write a case study you have to pay attention to structure. Every form of writing must have a structure for it to be considered as organized. Generally, it is divided into:

Element	Function
Introduction	This is where the case is introduced to the reader, with short background info on the topic and insights on previous writings on the subject matter
Aims	This has to do with the reason and purpose of the paper and the question it intends to answer
Method	The approach that will be employed in order to achieve the aim and data will be gathered or collected.
Results	A description of the outcome of findings through interviews, questionnaires
Discussion	An explanation of the findings and extraction of problems from such explanations and the lessons that can be learnt for that case.
Recommendation	Suggestion for actions to take in the future in order to help the situation or proffer solutions,

In this article, we will help you to learn more about case study writing by discussing the types and its features.

6 Types of Case Study

1. Historical Case Study

This method involves the observation of the advancement of a particular concept over a period of time. It is an all-inclusive analysis and report from a historical angle. Most times professional case study writing service makes use of this method in order to give a case study help acasestudy.com is a good place to check for such. This method pays attention to dates and timeline in relation to presently occurring situations and occurrences.

2. Observational Case Study

Using this method, data is gathered by participant observation which is then augmented by formal or informal interview. A good example would be observing workers in the staff break room within a company. In this case, the researcher can choose to observe some group of persons and their interaction with certain concepts and ideologies in order to gather data about the subject.

3. Illustrative case studies

This is a form of descriptive learning that uses one or more occurrences of an event to demonstrate the situation at hand. The aim is to give the readers an in-depth common idea about the topic being treated. When writing such a case study, the idea is to have whoever reads it inclined to the common understanding of the topic.

Most times, these studies are very objective such that they do not require a lot of interpretation. They rarely involve humans because when it does several variables come into play concerning that subject matter.

4. Exploratory or pilot case studies

This is a summarized method done before executing a full-scale investigation. The main reason for this type of study is to assist in classifying questions and choose measurement parameters before the actual investigation. However, if you are not careful, you may be tempted to make a premature conclusion based on the initial summary.

Usually, the goal is to show that more investigations will be required and considered necessary. It is very popular in psychological fields. For example, some psychologists may decide to do a study of troupers that come home after active combat. Although the end goal is to identify the causes of PTSD, however at the very beginning attention may be put on the veterans themselves to establish PTSD.

5. Cumulative case studies

This is used to gather information put together by different sites at different times, in order to come up with a single body of information which makes it hot to write. The aim of these studies usually is to gather the information from these past studies and form a greater, concrete overview of the topic in question without going through the rigours of extra costs or time being used on fresh studies.

An example here would be a case where a researcher decides not only to study the Vietnam veterans, but also the ones from world war 2 and the Persian Gulf veterans. By this, the researcher is able to give a collective study on the concept as a whole and not fixating on just one place at one time.

6. Critical instance case studies

This method is used mostly to question existing generalizations or extensive claims about concepts. The aim here is to look into two or more findings and examine the situation without forming any generalization. Instead, each situation is considered uniquely.

Case studies are very important especially in the world of academia, it assists in the world of making new discoveries and improving the old one. They can also be used in almost any field or discipline and most times they do not occur in isolation. You can check online for some case study examples if you need to see practical samples of these, there are a lot of them.

Positive Words Research – Types Of Case Study And Its Features

Top 3 Imperatives to Become Happy at Work Today

04/10/202312/05/2017 by -

Who would not want to become cheerful at work? If you only get to choose, of course, you would prefer happiness in every situation – may it be at home, at school or at work.

However, when it comes to employment, there’s this bad news. As revealed by a current review by Bellevue University, “nearly a fourth of working Americans are unhappy with their employment.”

Nonetheless, the positive side of the study should also be noted. According to the overview, those unhappy employees only “need to discover employments they really like.”

Instead of simply abandoning the possibility of a positive employment and surrendering to the conclusion that to work is to be troubled, those individuals should consider that “there is a better occupation out there for them.”

And it’s something that can be worked out, right?

If you’re of those who want to achieve happiness at work, then here are some things to think about to get you headed in the right direction:

Recognize Yourself

It’s simple like this: if you don’t understand what you want, then you’ll never have the chance to do it. In order for you to become happy at work, think and have some papers written.
These should be your most valued things from your current employment or from your previous ones. Make a rundown of your least favorites that you think is stressing you always at work.

What assignments do you most appreciate, and what abilities do those undertakings require? How would you get a kick out of the chance to work?

Do you work best as a member of a group, or do you do better when you are allowed to sit unbothered? Is it your activity that makes miserable, or is it your profession itself?

When you realize what will make you happy at work, you’ll be better situated to go get it.

Contemplate on the Culture

The term company culture is stirred around so much that it is becoming a trendy expression especially nowadays. But culture isn’t only an empty thought mentioned by Human Resource agents and career coaches. It is a much genuine and larger component that can greatly influence how positive and effective a specific person can function for a particular company.

“Experience and skills are both very significant, but if employees do not fit with the culture of the company, usually, they will either leave or be terminated in a matter of months”, states former HR professional Tom Armour. He considers cultural fit as the most important element when it comes to hiring individuals.

Said culture generally consists of the values, customs, and rules of engagement for a certain company. While it can appear to be impalpable, organization culture shows itself in various ways. Starting from how individuals dress while at work to the way choices are made and how representatives are compensated.

If your goal is to be happy at work and successful, then the good cultural fit is crucial. Get a handle on a particular company’s culture by doing some online research.

You’re more likely to be happy and engaged at work if you believe you are working toward a worthy goal.

Discovering purpose in your work doesn’t really mean seeking after your calling. It should enable you to accomplish your bigger life and career goals. Even if you’re not passionate about your job, it’s still more important to feel valued, interested and challenged when it comes to working.

No matter what field you work in or who your employer is, try to find purpose in what you do. That can range from saving the world to making people happy with good customer service. No purpose is too small.

Author Bio

David Webster is an Australian essayist and writer currently residing in Illinois, Chicago. He has massive experience in both freelance writing and blogging, enabling him to be the writer of choice for most of his clients. He also currently serves as webmaster and contributor for essay corner.

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