Hack Your Wallet started with a mission in mind, spreading financial literacy to help everyone make better financial decisions. No matter how little or how much money you earn, staying on top of your finances makes a big difference. This is why it is imperative that personal finance is covered.
Here we cover personal finance fundamentals that should be taught at school. From inflation to interest rates and car finance to mortgages, we cover it all. Not only that, we also cover budgeting techniques, realistic saving strategies and reasonable rules of thumb. Everything you need really to make the most out of your finances and more!
Buying a house is probably the most popular financial goal for many young adults. Unfortunately, houses in the West have grown so much in value over the past few decades it is almost impossible to buy a house in cash. That is where mortgages come in to provide the necessary financing for such large purchase. […]
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The most important concept in finance is probably the concept of time value of money (TVM). It is the first principle behind the concepts of Present Value (PV) and Net Present Value (NPV). It is why loans carry interest and capital is invested. Once these concepts are broken down, you will see why you should
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One of the most important concepts in economics is opportunity cost. In this post, we will dissect the opportunity cost concept and more importantly, contextualise its use in our own financial decision making. By the end of this, you will think like a financial planner and will make the best use of your resources, financial
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Overspending is quite common, just ask your friends and family how often they stick to a budget. Matter of fact, you might be surprised to know that some don’t even have a budget. Many factors affect spending habits, credit cards enable a lifestyle beyond our means and capitalistic driven consumerism fuels consumption. Combining these factors
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How much do you think a gallon of milk cost 100 years ago? What about bread, flour, and butter? Would you believe it if I told you it was a fraction of a penny for a loaf of bread and a few pennies for a gallon of milk? This substantial increase in the prices of
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