So why should money management and personal finances be interesting to you? Well, have you ever questioned? Why doesn't University teach money management? And why usually at home? Do parents not teach the basics and fundamentals and or the details of course, of personal finances? This is an interesting question to ask.

Have you learned any particular classes on personal finance in university or high school or in school generally? And how about your parents? Have they really sat down and talk to you about how to control your personal finances for the future? Well, if not, why not? It's so important, isn't it? Well, schools tend to mostly teach subjects related to students majors.

Schools also seem to think that this is a personal choice and the responsibility of the parents. That's a mistake. Homes either don't Don't know what to teach, don't take the time to teach or feel that the topic of money is taboo. That's also a mistake. Whatever the reasons are, it is still undeniable that being able to manage personal finances is crucial to a person's success. So, how does learning money management and personal finance help you?

Number one, reduce stress in conflict, struggling to pay the bills, not having enough money at the end of the month, not having enough money to pay for the things you need and want can really be stressful. And once you're married, stressing out about money can lead to even more problems with the relationship. Married couples have even reported that the number one cause of arguments Believe it or not, is money. People even get divorced because of money issues. Furthermore, financial problems can lead to health problems such as migraine headaches, cardiovascular disease, and insomnia, getting control of your finances and creating a surplus, rather than a shortage of money can potentially prevent these problems. So wouldn't you want to prevent these problems and reduce stress and conflict in your life?

And how about a home homes are huge expenses and the vast majority of people need to get alone in order to purchase a house or apartment. Getting alone requires a downpayment. This means you must have already had a fairly large amount of cash ready to give the bank in order to get that loan for your home. The number is typically over 5% you do the math. In addition to the loan, there are several other fees that are included too. So add another 5% to that number.

Minimize debt. one of your goals should be to have as little debt as possible. debt is money that you must pay someone else usually on a monthly basis. So what could these include? student loan, a home mortgage, a car, credit card debt. If you have too much debt, then it can be impossible to save money and you can become even greater in debt.

This is a horrible situation to be in. And imagine if you're in this situation and an emergency happens. There's some unexpected event. How are you going to pay for? Experts say that you should have around $1,000 minimum saved specifically for these times because it's not that if they'll happen, it's when they're going to happen. So be ready for emergencies.

Yes, it's not a matter as I just said, if an emergency is going to happen, it's a matter of when when will happen you need to be ready with that thousand dollars. Maybe you should add this to your future financial goal on your goals worksheet. What do you think emergencies may include sickness in the family where you need to help or you may need to stay in the hospital. For your own illness, or you could get in a car accident. So there are dozens of possibilities that you want to be prepared for. and be ready for opportunities when they arise.

Opportunities come and go. But not that often. If you're not ready or able to take advantage of a great opportunity when it comes, then you may never see that opportunity come again. This could be an amazing investment opportunity. Perhaps the home of your dreams is available at a fantastic price, but only for a short time. Will you be able to buy It's hard to predict what opportunities may present themselves but you want to be ready when they do.

If you miss that opportunity, then you're stuck where you are instead of going forward toward a better life. make more money with your money. One of the amazing things about having money is that your savings and investments can make you even more money. Have you ever heard the phrase It takes money to make money and yet probably, well, it's true in many ways. The cash you save can be used as your own little employees who work hard for you to create more cash for you. And then that builds upon itself.

That's the beauty of investing. It's a real benefit to learn the basics of investing stocks, bonds, mutual funds, investment funds, so get ready to make your money work for you. Have your money help you live a happier life. And having control of your money will help you live a happier and more fulfilling life. There are many ingredients to happiness, but being rich and having money really isn't one of those. However, having enough money to prevent problems enough to build a meaningful life and relationship with family and friends, enough to take care of others and help family enough to grab opportunities when they come and enough to grow in life are some of the ingredients to ask happy life.

And finally, financial independence. financial independence is what everyone looks for. Does this mean be rich? Well, the true meaning is having enough money to live comfortably, safely and have enough to get the things that you want to have enough money to be free. Let's say. This can mean being able to take a vacation when and where you want.

Being able to help family members when needed. Being able to start a business, being able to leave your job and find a better one if needed, and not to worry about the costs while making that transition. Being able to invest in opportunities like we just mentioned, having enough money and future income to easily retire when it's time. So why learn Personal Finance? Why learn money management? It's simple, and there are a lot of good reasons.

Number one, reduce stress and conflict to be able to afford the home that you want three, minimize, hopefully eliminate any debt. Be ready for emergencies because you know they're going to happen eventually take advantage of opportunities. Don't let opportunities pass you by, make more money use your money to put into investments. So that builds upon itself and makes even more money for you live a happier life because you don't need to be rich to be happy. But you do need to have the basics and be prepared for opportunities and emergencies. And finally, to be financially independent, to be free.

So having said these eight parts on why to learn money management, let's go on to our next section.