Have you ever felt like you’re struggling to make ends meet? Like every time money comes in, it goes right back out? Do you also feel like you are constantly in a state where you feel broke? If you think this way, believe me, you’re not alone; most Millennials live paycheck to paycheck these days,…
Generally speaking, the cost of poor quality is the combined actual and implied loss of revenue that a company endures when products and services do not conform to customer requirements or satisfy their perceived needs. These costs include product/service abandonment, customer dissatisfaction, loss of reputation, sales returns and allowances, complaint handling, and the list goes…
Investing is a method of putting money aside so that you can have it work for you while you are busy with other things. If done correctly, you will reap the full benefits of your investments in the future, which should prove beneficial for you in the long term. The number one reason why people…
Most of us gain financial independence in our 20s. At the end of each month, you get your salary and you feel satisfied knowing you can spend it on the things you want. Keep in mind that financial independence comes with increased responsibility. So you will want to keep track of your expenses to be…
Uni life is one of the most exciting parts of any young adult’s life; it’s the time that most of us are left on our own, and we are left to hustle and experience life. Yes, you’ll go to your fair share of parties, get drunk like nobody, discover yourself, but you’ll also have to…
Welcome back to our guide to budgeting for university in the UK. In the first part of this series, we looked at the various sources of income you would need to consider when planning your budget. In this article, we’ll be looking at the most common outgoings that you’ll need to be aware of. It…
Between accommodation costs and making the most of student life, budgeting for university can be tough. Learning how to budget as a student can help reduce money worries. If you estimate your student budget before going to university, you could identify where you need to make savings or find extra income. In this 2-part series,…
The cost of quality plays a huge importance for manufacturers. But, what’s funny here is that many fail to grasp the real understanding of quality costing. In this blog, I’d like to discuss the costs of quality, for I truly believe that quality should be given more importance than any other element. Quality Costs If…
A budget is a revenue and spending plan for a specific period that is generally prepared and updated regularly. Budgeting is essential for managing monthly costs, preparing for life’s unforeseen circumstances, and purchasing important things without falling into debt. Budgeting has various advantages. Knowing that you have a solid monthly budget to rely on will…