Let’s Talk About All Things Personal Finance

A key focus of my blog is Financial Literacy/Money. Though you would think it’s common knowledge, there is a lot that the lay person doesn’t know about personal finances. The following contributed post is entitled, Let’s Talk About All Things Personal Finance.

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Personal finance is something that everyone needs to talk about at some point. If you have never had any advice on personal finance, then it’s a good thing that you have come across this guide. We’re not going to go too in depth on any one point, but rather we’re going to just look at some of the basics that you need to know, and you can learn more if you find yourself interested. Keep reading down below to find out our basics!

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Managing Your Money

First, you need to know that managing your personal finances is essential. You need to know how much money you have, what it is tied up in, what you have in any given bank account and so on. We suggest that you go over your budget once per month to ensure that everything is on track, and if it isn’t, sort it out. If you find that you aren’t very good at this or you don’t have the time, then you need to think about hiring someone to take care of it for you. There are professionals who work in managing personal finance so that you don’t have to. While it might be another expense each month, it may also be worth it.

Making More Money

Another thing that you need to know about is making more money for yourself. You can do this through a side hustle, or through something like investing. We do recommend that you look into US clients Forex brokers before you get started though as they are the experts. The last thing that you want is to start something like this blind, and without the tiniest of clues as to how to proceed. Using a professional will make your life that little bit easier, and make you more money than you ever thought possible from something like this.

Trust us when we say though, that there is more than one way to invest and even more ways to make money. It’s up to you which of these you choose, as long as you are choosing the option that is best for you.

Saving Money

The final thing that we are going to look at involves saving money. You need to know that you have got a little blanket of safety if things ever go wrong. Not that they are going to, but if you lose your job or need to make an urgent repair, savings will be a lifeline you didn’t know you would need. You might think that this is going to be hard, but if you include this in your budget then it is actually a super easy thing to do, just don’t touch the money in the savings account!

We hope that you have found this article helpful, and now see some of the things that you need to know about your personal finance. There are a lot of little things that come together to make up this category, and we wish you the best of luck when it comes to managing yours!

Author: anwaryusef

Anwar Y. Dunbar is a Regulatory Scientist. Being a naturally curious person, he is also a student of all things. He earned his Ph.D. in Pharmacology from the University of Michigan and his Bachelor’s Degree in General Biology from Johnson C. Smith University (JCSU). Prior to starting the Big Words Blog Site, Anwar published and contributed to numerous research articles in competitive scientific journals reporting on his research from graduate school and postdoctoral years. After falling in love with writing, he contributed to the now defunct Examiner.com, and the Edvocate where he regularly wrote about: Education-related stories/topics, Science, Technology, Engineering and Mathematics (STEM), Financial Literacy; as well as conducted interviews with notable individuals such as actor and author Hill Harper. Having many influences, one of his most notable heroes is author, intellectual and speaker, Malcolm Gladwell, author of books including Outliers and David and Goliath. Anwar has his hands in many, many activities. In addition to writing, Anwar actively mentors youth, works to spread awareness of STEM careers, serves on the Board of Directors of the Friends of the David M. Brown Arlington Planetarium, serves as Treasurer for the JCSU Washington, DC Alumni Chapter, and is active in the Dave Ramsey Financial Peace Ministry at the Alfred Street Baptist Church. He also tutors in the subjects of biology, chemistry and physics. Along with his multi-talented older brother Amahl Dunbar (designer of the Big Words logos, inventor and a plethora of other things), Anwar is a “Fanboy” and really enjoys Science-Fiction and Superhero movies including but not restricted to Captain America Civil War, Batman vs. Superman: Dawn of Justice, and Prometheus. He is a proud native of Buffalo, NY.