Need an extra $200?

Subscribe to our FREE email newsletter, full of money-making guides, practical money-saving tips, and great resources to help you manage your money better, and get my list of Top 5 Highest-Paying Survey Sites that I've been using to make an extra $200 or more every month since 2008.

About MoneyPantry

satrap My name is Satrap (that's me on the left), and I founded this blog in 2013 to help people just like you take charge of their money. MoneyPantry is a personal finance blog with a focus on helping you learn hundreds of unique and unusual ways to earn, save, and grow your money.
We scour the world to find practical and awesome ways for you to earn and save more cash.


Ready for a better financial life?
Use the navigational links above & below to get started. You'll find all kinds of options, from unusual and border-line crazy ways to earn and save more money, to simple and practical ways to get deals, discount, and useful freebies.

Become a Fan

facebook-icon twitter-icon gplus-icon pinterest-icon rss-icon

Personal Finance

There are a lot of words and phrases associated with personal finance--saving, budgeting, loans, mortgage, refinancing, shares, bonds, credit cards, debt, social security, stocks, stock market, financial goals, investment portfolio, insurance, interest rates--which is why many of us have trouble understanding what personal finance is.


And I believe complicating this important issue, more than it already is for many of us, is one of the underlying causes of so many of us being in debt. So, if you are serious about managing your money better, you need to familiarize yourself with these terms.


I know, it looks and sounds scary, but believe me it is not as complicated as you think it is. It all comes down to this:


"Earn More + Spend Less + Save More = Better Financial Life" is a personal finance blog where I will help you do just that. I would like to make managing your financial life easy to understand and undertake.


And to be honest, I think it's fairly easy to understand what PF is once you get away from all the big words advisor and the so-called "gurus" throw at you.


Financial Planning

Now, whether your goal is to become debt free, increase your over all net worth, retire early, payoff credit cards or college loans, or simply to manage your money better, you need a plan of action. Personal finance planning comes down to 5 things. Get these right and you are golden.

1- Assess your financial situation

First, you need to sit down and figure out your financial situation, how much you make, how much you owe, how much you spend, how much you have saved up etc. You can use a software to do that, or you can do it the old fashion way and use pen and papers. It doesn't matter how you do it, the important thing is that you do it.

2- Set up goals

Just like most other areas of life, goals can help keep you on track. These goals can be short, medium and long term. If you are just beginning, I would start with very small and achievable goals that can be reached fast. Accomplishing short term goals are easier and give you a boost of confidence, giving you more motivation to keep going for the long run. An example of a short term goal can be saving money to pay off a small credit card loan.

3- Create a plan

This plan is simply your road map for achieving goals you have set up in the last step. Its your guide, your blue print if you will. It doesn't have to be anything complicated. Simply write down what you need to do in order to reach each of your goals. For example, if you owe $500 on the credit card you are trying to payoff, and you want to pay it off in 10 weeks time, you would need to save $50 weekly.

4- Take action

You can plan until the cows come home, but if you don't put them into action, your goals are not going to be achieved. Discipline is the most important part here. You need to be committed if you want to reach your goals. Following our example above, you would, no matter what, put $50 every week aside so you can pay off that credit card in 10 weeks time.

5- Monitor & adapt

Your car breaks down unexpectedly and its going to cost you a $1000 to get it fixed, your work hours get cut down, life is hectic and doesn't matter how much you plan, unexpected things happen and you have to deal with it. Now, you can either let it ruin your plan, or you can simply reassess your situation and make necessary adjustments so you can keep going. Needless to say, if you want to reach your financial goals, you need the second choice.