The term Financial Education has never been more present among us, as in the days that run.
Thus, as if it did not exist, the need to educate and make available financial information in doses, say industrial, to the general public.
It is immense information, points of view, “miracle” and innovative solutions that were once discreetly cooked by our Country and Grandparents in the long conversations at the dinner table.
Managing the excesses of money available
In personal finance matters, I say again and I will not tire of saying, that the secret lies in each of us being able to spend less than we earn, period.
However, and after implementing the above secret, it is necessary to define measures that will have as main objective the management, profitability and reduction .
Managing the excesses of money available, looking for the best investment choices, and making the best decisions is one that is not born with people, but is being developed over time through experience and the search for relevant information. Likewise, the profitability of assets and the reduction of charges are directly and indirectly related to this acquired capacity.
Knowledge of Personal Finance management
As a general rule, it would be acceptable for those with more information on financial literacy to have better opportunities for proper management of personal finances. But, unfortunately, this is not always the case, and knowledge can play a negative role in money matters, creating predictions that go against the trends of life and pure and raw knowledge of Personal Finance management.
For example, this was a recent questionnaire that I answered and was overly impressed with the result.
It was a simple questionnaire on Control of our Personal Finance, which for its simplicity showed that I still do not practice the three most important measures, namely, management, profitability and reduction in their totality.
In fact, immense years of study I have dedicated to the questions of Personal Finance and Finance in general conducting several tests with the purpose of determining the best way. But the simplest mistakes still prevail in my financial life today.
Therefore, I decided to create and adapt the questionnaire to our reality and make it available to all Bank Products readers so that they, like me, reflect on the results they will obtain.
Obviously I hope you share with the community the result and comment above all the reason for this result and what they intend to do to improve it.
Your reaction to this article is extremely important and enriching, share it in the comments area right after this article.
CONTROL YOUR PERSONAL FINANCE?
0 – 10 POINTS – REDESIGN THE WHOLE STRATEGY
You are far short of having control of your Personal Finance. You should review and redesign all your strategies and start by implementing some basic tips.
Check out our articles:
- 5 Fundamental Tips on Personal Finance
- Definitive Guide to Effective Family Budgeting
- How to Organize and Define Your Financial Goals
- Personal Finance in 6 Simple Rules
- Why You Should Know Your Financial Priorities | 3 Simple Tips
- Mini Guide to Saving Money Really
11 – 15 POINTS | YOU ARE ON THE RIGHT PATH BUT YOU NEED TO BETTER
You are aware of the importance of properly managing your Personal Finance and you are on the right track; however, you still need to trim some edges.
Do not discard the reading of the articles above to remind and redefine all your strategies.
16 – 20 POINTS | IT HAS TOTAL CONTROL OF YOUR PERSONAL FINANCE
Congratulations, you are aware of the value of money and the potentialities of it. He is the manager of your Personal Finance.
Now you just have to believe that there is still much more to do and that every day a new opportunity will arise. Be aware because you are on the right path.