Monday, February 3, 2014

Personal Finance

There is a missing conversation in our culture today. Particularly in the circles where young adults roam. When was the last time we talked about or were taught about personal finance? Sure, I learned how to balance a check book in grade school. But outside of that, my financial education is extremely limited and the more I talk to my peers, the more I realize that this problem isn't only my problem, it appears to be our problem. With the escalating price of education and the economy still not performing at 100%, many of us are in debt for school or have fallen into the trap of relying on credit cards to pay regular bills.

Personal finance is something that I've always struggled with. I often create budgets and I stay on track, but I catch myself slipping, going back to old habits, or just being generally ignorant on the topic. I contribute to my 401k, but nowhere near enough. I save money, but then it is quickly spent on emergencies (or "emergencies").  I'm hoping that by exploring and writing about this topic, I'll educate myself and hopefully be able to be a resource for others as well. I want to be as open and candid as I can about the process without giving away too much personal information.

Realizing I'm not an expert and am exploring these topics for my own benefit as much as anyone else's, below is what I'd like to cover in this series. If you have suggestions, recommendations, or even advice, I'd love to hear them!
  • Building a budget
  • Getting out of debt
  • The pros and cons of credit cards
  • The credit card trap
  • Good debt versus bad debt
  • The importance of saving
  • Basic investing
  • Saving for retirement
  • Money-saving techniques and tricks
  • Additional resources
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