Many people are still struggling in managing their personal funds. As the new year starts, some are still facing debts while the others are worried about not being able to find a job and earn a steady income moving forward. What’s important is the commitment to settle debts and save as much as you can in the coming months.

A debt-free status is a typical new year’s resolution for many people regardless of nationality. So where do you start to make sure you’re going to have a financially sound 2015?

Always Save

Financial planners would always encourage people to save money. In fact, they recommend saving five to 10 percent of your income. Regardless where your earnings come from, it is always best to save some amount. You will never know when emergencies crop up but when you have savings on hand, you will no longer have to panic should you be in a situation when you need fast cash. [Read more…]