By Rukmini Ravishankar

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Every country or even major corporation has a central financial authority that maintains a record of all financial transactions that take place. So it’s incredibly powerful. Unfortunately, it is possible that people in such central authorities can make unauthorized changes to this record/ledger. They could add or remove transactions when something doesn’t add up or to cover unlawful activity.

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So, where does blockchain fit into this problem? 👩‍🏭

First off, blockchain is a set of interconnected ledgers maintained by a network of several computers, each of which is linked to the other. …


By Raifa Basheer

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Spending once in a while is good but having long food bills everyday is definitely a red flag. In fact many red flags altogether at once. Ever wondered why you’d be spending so much on food? Here are 13 reasons why:

1- Lack of Time Management- When you don’t have time to make food, you just run out of the house and buy whatever comes your way, Yes definitely you must be trynna save on that but you have to realize the fact that you are spending money on it instead of buying fresh ingredients and making a healthy snack from home. …


By Mariam Khawer

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When it comes to holidays, camping is by far one of the best options. With no daily lodging charges, less travel costs, and zero eatery charges, you can make some extraordinary memories without depleting your budget — just by appreciating what nature has to offer!

For the super-savers out there, figuring out how to set a particular camping spending plan can save you a lot of cash. Here’s how you can have a budget-friendly yet enjoyable time away from home!

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Plan Your Budget 💰

Your main activity when making sense of an outdoors spending plan is to list everything down. Even when confident that all your costs are monitored and in your head, a clear blueprint of the expenses will make things much easier. …


By Daksha Gehani

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At some point in your life, you have experienced both ‘rich’ and ‘poor’ financial statuses. Your thought process can have a direct positive or a negative influence in your life. You could be financially poor but possess a rich mindset and vice versa. A simple shift in your mindset and awareness of your outlook can lead you to be the right direction in life.

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In a recent study where 350 people from various financial backgrounds were interviewed, it was found that 80% of self-made millionaires pursued major purposes in life. 71% also maintained a positive outlook in life as they thought it to be vital to their success. …


By Mariam Khawer

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So you might have started tracking your spending — happy days! You might have also set aside your first budget, now what? You know your end-goal is to save money, but how much should you save? A 1000 — is that too little or too much? How long is it going to take you to get there? Ugh, it’s starting to get stressful again, isn’t it?

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Work Backwards 🚩

Saving needs patience and dedication. You will often be tempted to buy high-end things that could crash your savings plan. Your current financial situation and spending habits determine your financial future. Which is why it is important to learn ways to accumulate your savings. To know how much to save, a good starting point would be to identify your three biggest financial goals for the next year and five years. …


By Daksha Gehani

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While budgeting, you too may lose motivation and sight of why you started this journey in the first place.

One of the best ways to put things into perspective is to write them down. This is especially true for your Financial goals. Noting them down allows you to identify challenges and opportunities from different perspectives. What once may have seemed like a dilemma due to potential hurdles now can be approached with a creative mindset.

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The story of Finllect began with this very tip. We decided to gather young people and help them write down their budgeting goals and their expenses. In this journey, these individuals realized that writing down their budgets solidified their resolve to ensure their financial. …


By Stephanie Cláudia Gonçalves

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Not too long ago, people only had two ways to invest. Either they did it themselves or they hired a financial advisor. Then Robo Advisors entered the market in 2008 (i.e. Betterment for example). They have become so popular, that the assets of Robo advisors are estimated to grow from $50 billion in 2017 to $2 trillion by 2020. This is for the U.S alone.

“A Robo Advisor is a digital platform that uses algorithms to build, diversify and manage your investment portfolio.”

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In simpler terms, a Robo advisor offers automated financial planning. This option of investing falls in between doing it yourself, which entry-level investors will struggle with, and hiring an expensive financial advisor. …

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Hello from Team Finllect 👋 We’re empowering the Gen Z to make smarter financial decisions and improve their financial health.

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