Otherwise, it won’t be a priority to you nor will you dedicate time to learning. Whatever it is, your understanding of personal finances and dedication to managing money has to start with the right mentality. The “I’ll worry about it later” mentality creeps in because you have time on your side. If you don’t pay attention to the problem, it doesn’t exist, right?īut as you know, that temporary “solution” will inevitably snowball in the future where it becomes a much more challenging problem.Īnother way your mindset might be hindered is maybe you are relatively on the younger side, say 20’s to early 30’s and your financial education is just not a priority to you. Other times, it’s easier to be in-denial about our financial situations. This can mess with your financial literacy, mindset, and feelings towards money from day one. Surely some aspects to finance can be, but the majority is really not. Changing Your Money Mindsetīefore we get into my Personal Finance 101 steps, I think a big gatekeeper to managing your money successfully is your mentality and mindset.įirstly, many times the media or financial experts make this stuff seem like complicated rocket science. But it’s certainly not extremely challenging either.

You don’t need to be an expert to manage your finances and you can have little to no previous background, but still improve your financial health.īelow, I’ll share some of the steps I took to teach myself and hopefully you can apply this to your own personal finances. It will include various areas like understanding expenses, how to create a budget, saving for retirement, investing basics, and more. Personal Finance 101 is the beginning steps you can take to really become self-sufficient with your money.

Examples of personal finance software