Personal Finance Basics

Many people are paying more attention to their personal finances at the start of 2026. They want to increase their savings, pay off their debt, and improve their financial picture.   Understanding which personal finance activities to focus on helps narrow down what you spend your time and energy doing. Starting with one area and working your way to other areas can make a substantial difference in your net worth. The following guidelines can help.   Setting Financial Goals Dev

One of my goals for 2026 is to increase my net worth. Setting strong objectives and breaking them down into actionable steps helps attain them.   If your goals for 2026 include paying down debt, increasing your savings, and enhancing your financial position, take action today. Establishing small money habits now can have a significant impact over time. The following tips can help.   Develop Your Spending Plan A spending plan allows you to track where your money should go thr

Happy 2026! The new year is an ideal time to improve your money habits.   We all could do better financially. Taking small steps makes a significant difference. The following guidelines can help.   1. Understand Your Financial Picture Know exactly how much money is coming in monthly and where it’s being spent: Determine your monthly take-home pay. Figure out how much you spend on living expenses, such as your mortgage or rent, insurance , utilities, groceries, transportation

Starting a new year is the perfect time to evaluate your financial habits. Making changes to your spending and saving plan helps you reach your financial goals.   Everyone has room for financial improvement. Regularly making small changes to your financial habits can make a significant difference.   Implementing these tips can help you enjoy the new year without financial strain.   Save Before You Spend Have part of each paycheck automatically sent to your savings accounts ,

Before training to become a financial coach, I knew little about how money worked. Now, I have a more comprehensive understanding of how to earn, save, invest, and spend my income. I make educated financial decisions, resulting in additional savings and retirement investments.   Understanding the basics of personal finance provides many benefits. Managing your spending plan, saving for emergencies, and investing for retirement lead to long-term financial stability, security,

Financial stability is important for everyone. Having adequate income to cover expenses, save for emergencies, and invest for future...

I didn’t really understand how money worked until I started training as a financial coach. My then-husband and I had substantial debt and...

During my time as a licensed financial coach, I educated clients on the responsible use of credit. Knowing how credit works helped my...

Personal finance is the management of financial activities and decision-making. The areas include budgeting, saving, insurance,...

When I was in my 20s, I knew little about investing. Fortunately, I found a licensed financial coach who taught me the basics of...

The 50/30/20 rule in finance is a budgeting framework that divides your net income into three categories: 50% for needs, 30% for wants,...

Personal finance was not a subject taught in the schools I attended. Perhaps you had a similar experience and are struggling...

When I worked as a licensed financial coach, I enjoyed teaching my clients about the five main areas of personal finance. Educating...