Have you ever struggled with money? Maybe you didn’t have all the money you needed while growing up or maybe now, you have a decent amount of money, but you keep overspending. Money is just one aspect of your life. The relationship with money starts in your mind.
What you are planning to achieve in your life? Do you want a family? Or do you want to live on your own terms? Having a clear perspective of your goals helps you budget better and stay on your track with your finance. If you are at the point in your life where do you want to travel the world, a house may not be a priority, so your budget may something like this: 50% needs/general expenses, 30% travel budget and 20% savings. In that part of 20% of savings, you can save 10% for a house in the future and 10% for emergencies, this way you are not spending all your have.
In case you are already married, or you have a child, you may wish to have a house. In that case, many people go to a bank and ask for a credit. They will be in debt for the next 10-30 years for an asset they wish to posses. So, if you are planning to own a house, start searching the best bank credits with small interest rates, but beware of the hidden costs such as commissions. From my personal point of view, you should make a credit only when you are ready , not at the pressure of society to own a house. You don’t have to do what everyone else is doing . If you are comfortable with staying in a rented house, go ahead and do that for a couple of years before figuring things out. For me, personally, going in debt in order to buy a house is not applicable, since I consider that you should have a job that you are passionate about or at still like doing it, or working in a field that you see yourself working in for years. You need to be able to have a job, a steady income for that debt to be re-payed over the years.
Regarding investments, the best investment you can made is into yourself. It seems logical, that you are the only person that you will always have. So, be strong mentally and psychically fit, you can achieve everything you want.
Notes from Ladybug 