Tuesday, September 20, 2016
Why I Learned To Love Personal Finance
If you've noticed a lot of personal finance posts on my blog it's because Personal Finance is something I've been researching and learning about this year. Money touches almost every aspect of our lives, and it's really important but not something people talk about. When I hear that half of Canadians are living paycheck to paycheck, it makes me worry. It's so important to have an emergency fund and to have a backup plan. I've been learning so much, and I want to encourage others. You don't have to live a stressful life in regards to money. If you take control of your money, and you're disciplined, it will make a world of difference.
Money is common sense, but people don't use common sense when dealing with money. As a whole people are relying more and more on debt. If they don't have the money in their account, they charge it. It's normal, it's something we're all use to. Affording the payments, is not affording it. So many people don't really care about their debt, until they've lost their job and risked every thing. Life is not a competition, trying to keep up with the Jones when the Jones are probably broke. Live within your means- learning to handle your money actually feels like you have more.
I never had a finance class in school, I've always been intimidated by numbers but now that I'm taking the time to learn about it, it's really interesting. I see how carefree some people are, and their financial future is scary. My goal is to have financial freedom. Pay down/off debt, build a substantial emergency fund and continue to be on the same page as my husband. It doesn't mean we can't buy something, it means we plan for it.
Life happens and you need to be prepared. Retirement is something you need to plan. I went to school and didn't have any school loans, I had a different funding. If that funding for some reason doesn't exist when my son goes to school, I want us to pay for his school. We started an R.E.S.P when he was one years old. Personal finance is something I've really started paying attention to, and I'm fired up about educating others.