Buzz
It's now easier than ever to find quick solutions to your financial queries. However, most of us could really benefit from gaining more insight into personal finance. To improve your financial standing, dedicate a fixed amount of time each week to building your financial knowledge.
On the website 20 Something Finance, writer G.E. Miller presents a compelling argument:
We often give up so much for our jobs – our health, relationships, community involvement, personal time, and willpower, all in the pursuit of one goal: earning money to cover our expenses. But the reality is that we spend nearly all of that income, saving just 5% on average. Some save nothing at all, and many even overspend, falling into high-interest debt, which becomes a struggle to repay. We work 40+ hours a week to earn money, yet devote almost no time – not even an hour – to learning about personal finance and optimizing it.
The solution is straightforward—dedicate a couple of hours each week to educating yourself about money. What Miller highlights here is how we allocate our time. We’re adept at earning enough to cover our bills, and we're certainly skilled at spending, but many of us remain largely uninformed about how money truly works.
Set aside some time in your week to strengthen your financial knowledge. Read a book. Listen to a podcast. It’s one thing to say you should focus on it, but when you schedule your financial learning like any other task or workout, you might actually follow through.
Be sure to read Miller’s full article at the link provided below.
Image credit: Emma Brabrook.
