Sunday, 13 April 2014

Getting To Know You

Many financial problems faced later in life can be avoided if individuals are provided with proper personal finance solutions from their earlier years. Unfortunately, a lot of these solutions are learned “on the job” at home, or via your peers at school or in your community. And, let's face it, for many parents money is another taboo subject - many simply avoid the conversations as they don't really have their own houses in order. 

“Knowing yourself” in relation to personal finance is partly about getting to know your ideal outcomes in life – the “why” behind the need to have and manage your money. Decide what you want money for. Financial needs do change as life ticks along, but we have to at least have a think about it.

If your goal is to live by yourself in a shack without any trappings of modern life, surviving on mung beans, then so be it. As long as you’re not hurting yourself or anyone else, it’s no one else’s business as to how you choose to live. Some know where they're going, the rest of us should just focus on the process of getting to know. Whatever you do decide, just learn to fund that lifestyle accordingly.

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