Personal finance

As I already mentioned in the about section, the purpose of this blog is to discuss personal finance.

Before I start talking about personal finance content here, let’s go a step back and look at what personal finance is.
Taking care of your own financial needs, whether it’s short-term or long-term, retirement planning, or saving for your child’s college education, makes up personal finance.
Determine your income, expenses, living needs, and goals and desires – and set a budget to meet those needs within your means.
To make the most of your income and savings, you must be financially literate. You must be able to differentiate between good and bad advice and make wise decisions.
Since there are only a few schools in some countries that teach you about managing your money, you need to learn about it through free online articles, courses, blogs or books at the library.
Make smart personal finance decisions, put in place budgeting techniques, emergency funds, debt repayment, credit card use that is prudent, save for retirement, and more.
Discipline is important, but it’s also good to know when to break the rules. For example, young people who want to invest 10% to 20% of their income for retirement should instead use part of that money to buy a home or pay off their debt.
Once you have established some basic steps and procedures, you can begin to think, how to get your finances on track and learn new skills.

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