Feature/add blog post about personal finances (#1073)
* Add blog post * Update changelogpull/1075/head^2
Thomas Kaul
3 years ago
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GitHub
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34e33a2400
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import { NgModule } from '@angular/core';
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import { RouterModule, Routes } from '@angular/router';
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import { AuthGuard } from '@ghostfolio/client/core/auth.guard';
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import { HowDoIGetMyFinancesInOrderPageComponent } from './how-do-i-get-my-finances-in-order-page.component';
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const routes: Routes = [
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{
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path: '',
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component: HowDoIGetMyFinancesInOrderPageComponent,
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canActivate: [AuthGuard]
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}
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];
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@NgModule({
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imports: [RouterModule.forChild(routes)],
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exports: [RouterModule]
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})
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export class HowDoIGetMyFinancesInOrderRoutingModule {}
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import { Component } from '@angular/core';
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@Component({
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host: { class: 'page' },
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selector: 'gf-how-do-i-get-my-finances-in-order-page',
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styleUrls: ['./how-do-i-get-my-finances-in-order-page.scss'],
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templateUrl: './how-do-i-get-my-finances-in-order-page.html'
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})
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export class HowDoIGetMyFinancesInOrderPageComponent {}
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<div class="blog container">
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<div class="row">
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<div class="col-md-8 offset-md-2">
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<article>
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<div class="mb-4 text-center">
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<h1 class="mb-1">How do I get my finances in order?</h1>
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<div class="text-muted"><small>14.07.2022</small></div>
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</div>
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<section class="mb-4">
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<p>
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Before you can think of
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<a [routerLink]="['/resources']">long-term investing</a>, you need
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to have your finances in order. Take a look at Peter's journey to
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see how you can achieve it, too.
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</p>
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<p>
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Peter enjoys life, but sometimes he overspends a bit. He realizes it
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when money runs out already in the middle of the month. Then the
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next few days become difficult and saving money is out of the
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question. That is why he wants to plan his monthly budget in the
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future.
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</p>
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<p>
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Peter has a decent salary in his job. But as soon as the salary
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arrives in his account, it melts away. In order to find out where
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his money is disappearing, he has decided to plan his monthly
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budget. He wants to be able to put money aside for major expenses
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and set financial goals.
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</p>
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</section>
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<section class="mb-4">
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<h2 class="h4">Keeping a traditional or digital budget book</h2>
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<p>
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First, Peter obtains an overview of his personal finances. To do so,
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he starts keeping a budget book. This can be done on paper by
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listing his income and expenses for a few months, or he can create a
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simple spreadsheet in Excel. In addition, many credit card providers
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offer the feature within their apps of having expenses automatically
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analyzed according to different categories. According to the
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<a href="https://www.bfs.admin.ch/bfs/en/home.html"
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>Swiss Federal Statistical Office</a
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>, households in Switzerland spend around 20 percent of their
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disposable income on housing and around 10 percent on groceries.
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</p>
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<p>
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With the smartphone app, Peter has a better overview of his
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financial affairs. The application assigns the bookings to
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individual categories. Peter can assign specific budgets to each of
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them. This way, he is always informed about how much money he can
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still spend on restaurant visits in the current month, for example.
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A traditional method is the so-called
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<a
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href="https://www.investopedia.com/envelope-budgeting-system-5208026"
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>envelope method</a
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>. One envelope is labeled for each category like groceries, rent or
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student loans. The monthly budget is put into the envelopes in cash.
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Many apps offer the same budgeting system in a more convenient,
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virtual way.
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</p>
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</section>
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<section class="mb-4">
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<h2 class="h4">Planning and investing</h2>
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<p>
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If Peter has spent less money than planned on eating out at
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restaurants, he can set aside the remaining amount. This way, he can
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treat himself to something special every now and then. From now on,
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he saves a fixed amount of money in a separate account ("pay
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yourself first") by standing order at the beginning of the month. As
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soon as there are three net monthly salaries in the account, he
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invests the monthly savings amount in a passively managed global
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equity fund. This grows his assets over the years and allows him to
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supplement his pension later.
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</p>
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</section>
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<section class="mb-4">
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<h2 class="h4">How to achieve your financial goals?</h2>
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<p>
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If you follow these five actionable tips, you can reach your
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financial goals easier and faster. Start with one tip and when you
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implement it well, you can try the next one to ultimately have more
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money at the end of the month.
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</p>
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<h3 class="h5">1. Visualize your goals</h3>
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<p>
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Start visualizing your goals. For example, hang up pictures of the
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travel destination you are saving for. Imagine that you have already
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achieved the goal to slowly adapt your mindset.
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</p>
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<h3 class="h5">2. Write off personal items</h3>
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<p>
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Do as a business does and write off purchases annually. For a new
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car, you could set aside one-sixth of the purchase price each year.
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</p>
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<h3 class="h5">3. Save at the beginning of the month</h3>
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<p>
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Have a savings amount deducted from your account at the beginning of
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the month. Then you will pay yourself first and spend less money.
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</p>
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<h3 class="h5">4. Follow the 50-30-20 rule</h3>
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<p>
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You need 50 percent of your disposable income for fixed costs. 30
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percent can be spent on personal needs such as hobbies, travel or
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consumer electronics. 20 percent is left for savings or to pay off
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potential debts.
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</p>
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<h3 class="h5">5. Track your progress</h3>
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<p>
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If you have any money to spare, invest it in a broadly diversified,
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low-cost portfolio excluding the risks of individual stocks. Track
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the progress of your portfolio and net worth with
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<a href="https://ghostfol.io">Ghostfolio</a>, a web-based personal
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finance management software.
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</p>
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</section>
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<section class="mb-4">
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<ul class="list-inline">
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<li class="list-inline-item">
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<span class="badge badge-light">App</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Assets</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Budget</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Cash</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Debt</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Equity</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">ETF</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Expense</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Finance</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Fintech</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Fund</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Ghostfolio</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Goal</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Income</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Investment</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Money</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Net Worth</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Pension</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Personal Finance</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Planning</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Portfolio</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Salary</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Saving</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Software</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Spreadsheet</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Stock</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Strategy</span>
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</li>
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<li class="list-inline-item">
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<span class="badge badge-light">Wealth Management</span>
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</li>
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</ul>
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</section>
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</article>
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</div>
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</div>
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</div>
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import { CommonModule } from '@angular/common';
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import { CUSTOM_ELEMENTS_SCHEMA, NgModule } from '@angular/core';
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import { RouterModule } from '@angular/router';
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import { HowDoIGetMyFinancesInOrderRoutingModule } from './how-do-i-get-my-finances-in-order-page-routing.module';
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import { HowDoIGetMyFinancesInOrderPageComponent } from './how-do-i-get-my-finances-in-order-page.component';
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@NgModule({
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declarations: [HowDoIGetMyFinancesInOrderPageComponent],
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imports: [
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CommonModule,
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HowDoIGetMyFinancesInOrderRoutingModule,
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RouterModule
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],
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schemas: [CUSTOM_ELEMENTS_SCHEMA]
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})
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export class HowDoIGetMyFinancesInOrderPageModule {}
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@ -0,0 +1,3 @@
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:host {
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display: block;
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}
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