bahrainthismonth.com | APRIL 2025 COMMERCE 47 Bills, credit cards and all the money you owe We all have electricity, rent, etc. to be paid, and like we all know, there are non-negotiable expenses. Most of us use credit cards to make many of these expenses. Overdue charges on these credit card bills are in the range of 2 percent on an average. Don’t let the small number fool you because it translates to a whopping ~26 percent annually. You may change your mind. So, how do you make sure you do not allow an overdue snowball to form? Simple hack – automate credit card bill payments if you’re using credit cards for the points you earn and convenience. Set up specific payments if you’re using them to pay for things you do not have money for. Automate as much as possible so that you have no decisions to make when bills are due, and you can plan appropriately. Anything in excess, even seemingly good things, can sometimes set us on an unhealthy path. We all need a little bit of crazy in our lives. So, while you can use the many apps available to watch your spending, while you can track and plan judiciously, don’t forget that you have a life to live – and money pays for that life. Save as you need to but spend as you need to as well. When the two are in balance, you will likely experience limited guilt and interact with money for what it is – a means to the many options of living a wholesome life. Remember: Mindful spending, prudent saving. Pria is an experienced business consultant who works as a business coach and advisor helping clients improve their relationship with money. She also helps with strategy, business plans and idea assessments. @guide_my_idea www.priamasson.com Introduction to ‘Fifteen’ Collection KISMET by MILKA hosted the launch of its latest collection ‘Fifteen’, a set of iconic designs curated for Ramadan.
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