This Article is About
personal finance
inflation rate
albert einstein
buying a house
proverb
weather
umbrella
magic
Lets Learn Personal Finance
Join 1000's of Authors at StreetArticles Today!

It is not about how much money we make, but it is about how we use the money. Or you can simplified it by…. It’s Not How Much, but where and how you save is important.

One of the most basic things about personal finance is the concept of saving. No matter how much you make, you must put aside a little money as your saving. Is is very important for you to have your own saving.

In a proverb I read, little by little and it could make it bigger. The idea here is to save. The larger you could save the better it is. But what happen to most of us is that we spend more than we earn.

Therefore, it is important for you and me to start learning about personal finance, so we could be more wiser in planning our financial. It is better to be difficult now than latter.

Like in a proverb, it is better to prepare an umbrella even before it is raining, even though the weather is sunny, because we can never able to predict the future.

There are so many reasons why we should learn personal finance. With the inflation rate increasing every year, and with the price increasing daily, can we actually able to cope with it? How about big future finances that we are going to make? Buying bigger car, buying a house, decorating the house, financing children education and the list could go on and on.

In personal finance, the earlier you start the better it is, and the simpler it is than when you start at later date. This is called the magic of compounding effect. If you do not know about it , then you missed something great because according to Albert Einstein it is the eight wonder of the world.

Among the benefits of personal finance is, you learn and realize where your mistakes are. Example this. Do you realized that it is not the big purchase that usually consumed our money, usually all this small things that we can afford, but keep buying it even without the need to, make up for the loss of money that supposedly the money could be save otherwise.

So, what do you think now? Still hesitating about the importance of learning personal finance? Have you checked your finances health? How about budgeting? Are you do it? Do you do it properly?

Or do you think it is hard to learn about personal finance? You scared of mathematics? Well, it does not take a genius to know about it. You just need a pen, paper and calculator, and you ready to go. So, do now and begin change your finance health to be healthier. ^_^

I'm a personal Finance learner who discovered the importance of it at a late stage. So now, I want to tell people that it is very important to learn so that they can make a wiser decision and be wealthy. :).Want to learn Personal Finance in an easy way Check out my Personal Finance blog


Street Talk

Hey Doralin, well said! Though I believe its the discomfort of having to 'let go' of the things we can get, but do not really need at the moment that is also important to keep in mind. Some things really don't do much other than just make us feel well and then we forget that we ever bought them! That's a problem that needs to be not just handled, but devastated like the weeds that grow on a farm... Keep them articles coming!

Reply
  about 8 years ago
You May Also Like
An Essential Necessity In Personal Finance
The securing (as much as is possible) of one’s financial security is simple; minimise (as far as is possible) the insecurity of one’s finances. But how does one do this? You would think it would be simple, and it is; but it is remarkably uncommon.First of all, it is good…
By: David Fairley in  Finance  >  Personal Finance   Nov 14, 2011  
0
  Likes: 0

Personal Finance Planning – A Guide to Accomplishing Your Goals
Personal finance is as how you use your money to support yourself and/or your family. No one wants to be the person at the checkout counter who has their card declined and no cash in their pocket. Personal finance is about having a plan and following it. This does not…
By: Fortenot in  Finance  >  Personal Finance   Feb 09, 2012  
0
  Likes: 0

Thinking Of Personal Finance? Read This!
There isn't a person who hasn't heard of personal financing and running their personal accounting, but, not so many persons are actually do it. Not everyone has enough reasons to be doing it. Some of them even find personal financing a repelling topic. There are probably plenty of sources for…
By: Josip Pesut in  Finance  >  Personal Finance   Jan 02, 2013  
2
  Likes: 1

Simple Tips for your own personal finance
These are simple tips from me on to start a journey of personal finace literate.
By:  in  Finance   Feb 10, 2011  
0
  Likes: 0

What Keeps You Away From Personal Finance
What prevents you from doing personal financing? There are several reasons why people don't make a habit of running their personal financing. Most of people because of this actually aren't on top of their finances. They aren't fully aware of their realistic incomes and outcomes, don't know which areas of…
By: Josip Pesut in  Finance  >  Personal Finance   Jan 02, 2013  
1
  Likes: 2

How Much do I Need to Retire Well
Who wants to work their whole life? If you intend to live a long life, and I do hope you can carry out that plan, do you want to need a job as a greeter at Wal-Mart? There is nothing wrong with that work, I just don’t want to see…
By: Samuel Crumpton in  Business  >  Entrepreneurialism   Jun 04, 2011  
0
  Likes: 1

Benefits Of A Positive Attitude
Many great things can be accomplished by simply having the proper outlook or perspective on the task at hand. And having a positive attitude can be the difference between success and failure in many of your endeavors. An optimistic attitude is the key to starting off any difficult journey on…
By: Ronald Colona in  Self Improvement  >  Positive Attitude   Jul 09, 2013  
5
  Likes: 2

Patriot Act Bank Supplies
The evolution of terrorism has caused legislators and government officials to ramp up security and create new protocols for handling and containing this problem. In 2001, President George W. Bush signed the USA Patriot Act into law. Believe it or not, this actually stands for : Uniting and Strengthening America…
By: 15STMKTG in  Finance  >  Personal Finance   Mar 22, 2016  
0
  Likes: 0

Understanding the Differences Between Trade Credit And Cash Credit
When running a business or looking for unsecured business lines of credit, it is important that you know the difference between cash credit and trade credit. At Corporate Cash Credit we offer both options, for two very different reasons. Whether you want trade credit or cash credit, or both the…
By: Cristia in  Finance  >  Personal Finance   Jan 21, 2016  
0
  Likes: 0

4 Great Ways to Remove Tough Stains From Dry Cleaner Sherman Oaks
After buying some popcorn and hot dogs you and your significant other sit in the front seats of the theater when you notice something dwelling on your shirt- it has a brand new stain on it! Now you won't be able to enjoy the movie, and your hubby has turned…
By: Jim Green2 in  Finance  >  Personal Finance   Sep 30, 2015  
0
  Likes: 0

Know More About Online Payment Modes And High Risk Merchant Accounts
Shopping is a part of everyone’s lives. It is something that we do inevitably to get through each and every day. But what’s fascinating about shopping is that it is evolving with us, and now, most people shop through the internet. If you have a business online and you are…
By: tisamit1 in  Finance  >  Personal Finance   Sep 14, 2012  
1
  Likes: 0

What You Should Know About Australian Discretionary Family Trusts
A discretionary family trust, commonly termed as a family trust, can sometimes be a highly effective framework regarding tax purposes as well as investment protection. Traditionally this type of trust seemed to be established by households carring out a family business, but more frequently in the present cultural and also…
By: NickFlynn in  Finance  >  Personal Finance   Aug 27, 2012  
0
  Likes: 0

2019 Forecasts 243 Exabytes Per Month
With the fast adaptation with today’s advanced technology, there is also an increase in monthly mobile data traffic as more and more people use smart phones and are online almost 24/7. While you might be thinking that today’s data subscription is heavy enough, take a look at what Cisco Visual…
By: Reynolds White in  Finance  >  Personal Finance   Aug 17, 2015  
0
  Likes: 0

Attracting Equity Partners for Strategic Success
As you consider the various types of funding for a new businesses or business expansion, one of the important questions that arise concerns control. How much and how often will the angel investors get involved in your business once the funding is approved? The answer depends on a lot of…
By: jaye barker in  Finance  >  Personal Finance   Jun 16, 2013  
0
  Likes: 0

Value Equals Purchase Plus Usage
Companies in the Service Industry that offer and sell intangibles are appreciating the need to monitor and evaluate how we use their services after paying for them because it is only when we experience the value from using it that we will buy more. Long ago, their counterparts in the…
By: Ekerete in  Finance  >  Personal Finance   Feb 24, 2012  
0
  Likes: 0

Article Views: 3999    Report this Article