What are goals? Each person should understand what a “goal” means, and understand that they differ from one person to another. Goals: are what the person wants to achieve whether on a personal, physical or family level. There are two types of goals: Short-term goals: Immediate goals that can be achieved within a short period […]
Creating a successful budget is the first step for any successful financial plan. If you are trying to pay bills or save for a vacation; the budget is the first step toward making your financial goals a reality. What are the steps for creating a successful budget? Calculate your expenses In order to create a […]
Saving Saving is to allocate part of your income regardless of the source, after deducting all the monthly expenses. Like most people, you’re most likely to seek financial security and stability, and one of the best ways to achieve this is to save as much money as possible. This raises the following question: How much […]
A car loan is a sum of money one borrows from the bank in order to purchase a car. It does not enable you to obtain money in cash but the bank pays the money to the person or company that owns the car. Instead, the borrower agrees to pay the loan with an interest […]
An indicator that financial companies study when granting the customer any kind of facilities, where the financial history of borrowing or lending and credit worthiness of the entity or the person obtained from the statements of its assets and liabilities with an aim to determine their ability to meet the debt obligations. The higher your […]
Many financial institutions offer their customers varied online banking services where clients can do most of their banking operations online. Comfort is one, and not the only, of the main features of online banking services. We would like to mention several benefits of online banking instead of paying your branch a visit: Comfort You can […]
Medium-term goals are set to be between short-term that can be achieved and long-term goals that needs long periods to be achieved. What are the types of goals we are talking about? Usually, achieving goals start after graduating from University and having a job. Medium-term Goals: Buying a house Marriage costs Starting a family life […]
It’s a loan given to you by the bank to buy a home. The home or property you are purchasing is used as a form of security in case you cannot settle the loan. The bank keeps your property’s title deed until your loan is fully settled. Before you apply for a home loan: Be aware of […]
Short term goals are characterized by a short time to achieve compared to other types of goals When you create your financial plan, you have to set your goal either short-term, medium-term or long-term. Setting a plan to support your goals provides you with a guarantee for a good financial future. How you can determine […]
Powerful and effective time management is One of the most effective skills you can have in life. If you’re not managing your time well, there’s no way you’re going to reach your goals Time management will be an uphill battle if you don’t take your time seriously; and the process of achieving the goals is […]