This article highlights Michelle's journey towards financial freedom, emphasizing the role of responsible financial management and the support of a fintech company like Tala. It also provides actionable steps on how individuals can build their path to financial security.
A LOT of people still see financial freedom as a distant dream, something that's only attainable if they win the lottery or magically unearth a chest filled with treasure; however, that shouldn't be the case. Being smart about how you handle your money can turn your aspirations into reality, allowing you to live life the way you want it.
For Michelle, a single mother of two who used to dream of becoming a homeowner, a reliable financial partner like Tala helped her manage her finances better to save up for a house.'I used Tala when we were renting a home, and it became my partner in paying the bills. I really dreamed of having my own home, but I wasn't earning enough,' Michelle recalled in Filipino.As the world's first fintech company for the Global Majority, Tala provides its customers with flexible and convenient credit that can support their journey towards financial freedom.'I was ready to buy a house then, but I only have a meager amount of cash on hand. It's a good thing I was able to build my credit standing with Tala,' Michelle said. 'With Tala's help, I was able to buy my own house.'Using her hard-earned money and financial savvy — and with the help of Tala — Michelle was able to buy her dream home after years of renting, providing a comfortable place for her and her children to call their own. Here are some ways you can follow to also start building your path towards financial freedom.First, track your expenses. Take note of where all your money goes. By meticulously keeping track of your spending, you can identify areas where you can cut back and allocate funds toward things with a more significant rate of return such as investments and savings.Second, outline your budget. Now that you have a good grasp of your spending habits, you can personalise your budget according to your goals and needs. Try out different ways of budgeting such as the envelope method or the 50-20-30 method to determine which suits you bes
FINANCIAL FREEDOM FINTECH CREDIT BUDGETING SAVINGS
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