The truth hurts, but the reality is that responsibly managing your personal finance is and can be a very difficult (if not the most challenging) thing you can ever hope to achieve, and it is little wonder then that so many people end up struggling and throwing in the towel. However, all it requires is patience and self-control. Once you manage to learn the basics and stick to them rigidly, you will be able to avoid any major issues that may arise.
What exactly do we mean when we say “managing personal finances?” First and foremost, you need to learn the skill of keeping your expenses to a minimum, and not squandering your precious income on counter-productive things such as credit card bills. Credit cards can often be more trouble than they are worth and so they should be considered with a considerable degree of caution. Whilst they provide short term benefits and freedom, they can be very damaging in the long term.
The next issue to try and be aware of is the value of actually saving a percentage of your money at the end of every month. This means that you will be less