Hello, beautiful people from across the lands! On my journey to debt freedom and financial independence learning personal finance became a priority. At first it seemed like a bunch of terminology and money strategy my bank account could not afford. Later it became empowering and a huge stress reliever. This can be the same for you. Not sure why this should become a part of normal conversation? Let’s get into some of the benefits of learning personal finance.
Eliminates Stress
Did you know that financial stress is the NUMBER 1 stress in America?! When you begin understanding the foundations of personal finance and apply it to your life it truly makes a world of difference. Living paycheck to paycheck, late on bills, and suffering from “where did my money go?” syndrome can take a toll on you. If you’ve been reading through many of my blog posts you know that budgeting is step 1 in your personal finance journey. Thinking of it as your pathway to financial freedom vs financial restrictions. Budgeting allows you to plan wisely with your money and make sound financial decisions. When you fail to plan you plan to fail. I recommend starting out with a written budget first. Download my free budget template with video instructions and get started today!
Builds Financial Literacy
About three years ago financial literacy was very foriegn to me. I was in my late 20’s with two children and did not know how to budget. I had no plans for my money and often found myself stressed when bills were due. Now they are on autopay! Talk about growth!
I can contribute that growth to building up my understanding of financial literacy. Sitting down and getting to know numbers helped me realize where the gaps were in my financial habits. I also began to expand my understanding beyond budgeting and into building savings that put in a place of stability.
Builds Financial Stability
Last but not least learning personal finance builds stability. The more you know, the more you grow. Both within yourself and your bank account! As you learn and apply these money concepts and strategies you create a more secure financial future.
Three Simple Action Steps
Now that you know the benefits of learning about personal finance let’s get to work!
Step 1: Develop a written budget. Download this free budget template to get started
Step 2: Subscribe to at least 2 Personal Finance Podcasts. Check out this post for some I recommend.
Step 3: Get a notebook that is specifically for note taking on new money concepts and terms you learn along the way.
Conclusion
Learning personal finance should become a priority to building a life that eliminates the number 1 stress in America. It’s important to learn personal finance because the benefits outweigh the sacrifice of becoming disciplined and knowledgeable.
First it allows you to eliminate stress by learning the fundamentals of budgeting, saving and investing.
Secondly once you build upon your financial literacy it provides an opportunity to expand your money management habits.
Last but not least learning personal finance creates financial stability to will extend beyond you when implemented and shared.
No matter where you are in your money journey, taking the first step to learn the basics will position you to create a money stress free life.
How have or how do you plan to learn more about personal finance?
Until next time, dream, believe, and achieve.
