Personal Finance 101 (A Brief Introduction)

Majority of us do not have a deep knowledge or understanding about Personal Finance or in simplest term managing our money.   Maybe it’s because of our culture and we think managing our finances is such a deep word and not easily understood by all of us.

  

Don’t worry, I will try to explain it in simplest form as possible. 

As presented above , Personal Finance covers a wide variety of topics which may include budgeting, managing expenses, debt, saving, retirement planning and insurance among others. 

Now, why we need to understand it?  Understanding these topics will help us know how work they together and affect each other.  Also in will serve as building blocks and foundations to achieve your financial freedom at your own style! 

For the next couple of weeks will define the importance of budgeting, saving, insurance, investments and retirement planning.  These topics need to be explained separately for us to better appreciate its relationship to each other.  For example, we need to understand budgeting for us to have better savings and how those savings will help build our wealth strategies.  

Now that you know its meaning and importance, on my next post I will introduce you to one of the most important part of building wealth  which is Budgeting.  

For any questions and any specific topics you want to know, feel free to post it in the comment box below. 

Welcome to your financial freedom!  God Bless us all!