Personal Finance the Only Way to Control Your Life

Personal finance is the only way to control your life allowing you to meet any financial emergencies and achieve any goals that become realizable . One of the key tools is the personal budget. Recently I was planning my training schedule for a big race that is coming up in six months, and it occurred to me that personal finance is similar to a marathon race. We all have a certain amount of money to spend or save, and deciding the best way to use our money conserving it to enjoy and spend at the appropriate time is what personal finance is all about. Many people believe its all about security, and having a financial cushion for difficult times does provide some security. I believe good personal finance is the foundation of a successful, less stressful and therefore happy life.


Money makes you rich, the more you can do with it makes you wealthy. Money we receive today is more valuable to us than money received in the future by the amount of interest we can earn with it. Review your finances often and look for areas where your money could be working harder. Having strong personal finance skills usually does mean that you will have more money than your peers, but the benefits of honing your skills go far beyond increasing the number behind the dollar sign in your net worth. The reasons for getting a grip on personal finance are as numerous as the people who care about their money, but some benefits are basic to everyone (or nearly everyone). Those who manage their money well are less likely to remain dependent (or return to dependence) on their families or the government for financial support. Learn steps to save on credit cards, insurance, and taxes so you can invest what you save wisely.


Credit ratings are probably the most important measure of a person’s financial status. The Top 10 Reasons Personal Finance is Different for Mobsters All cash transactions: it’s great that they’re not traceable, but think of all the credit card rewards you’re missing out on: cash back, frequent flyer miles, etc. “”Credit repair” means giving Vinnie all your wife’s jewelry. All kidding aside , here’s just a few of the simple rules you can follow to avoid consequences: Spend less than your earn, preferable 20{3d5275f9508c9dd4021075398e098e5db9cf49de07ee931b769af6a77a0ab5ee} less, Avoid credit cards at all costs, pay yourself first by saving or investing in your retirement fund, and pay your bills on time to avoid late fees. Getting a credit report helps folks keep up with what’s going on with their credit. Today’s tight credit policies and financing woes leave your business and personal financial welfare at stake. Learn how to pay off credit card debt.


Most people interested in personal finance are actually talking about personal finance planning, which is the on going process of handling one’s financial situation. Planning begins with assessing the financial situation, setting goals for the future, planning the right way to achieve these short and long term goals and then executing the plan. Typical goals most adults have are paying off credit card and or student loan debt, retirement, college costs for children, medical expenses, and estate planning. Knowing the amount of money you have coming in and going out is vital for planning purposes. RETIREMENT PLANNING Kiplingers Retirement Planning is filled with sound planning strategies and carefully researched investment advice to assure you of a rich, worry-free retirement whether your retirement is imminent or years away.

Seeing the “big picture” in personal finance is often difficult when our day-to-day lives are right in front of us demanding our time, attention, and financial resources. GoVenture Personal Finance is a realistic software simulation designed to help youth and adults learn about personal money management decisions in a fun and educational manner. It got me thinking about one simple truth: Personal finance is not about getting rich or staying rich. Personal finance is about deciding what you want to do and planning how you’re going to do it. Thank you for taking the time to read this article and I hope you found it helpful. Don’t forget to visit for more articles about money.