Let us begin this journey with some understanding of what we are referring to when we address our personal finance. We are talking about money management, which includes paying our bills, understanding our mortgage rates, knowing what the current mortgage rates are, savings---bonds, cds, stock investments, credit card debt management, credit debt management in general.
Over time we will write about some of the different aspects of personal money management and how to be better at dealing with this complex issue.
Let's start off by saying that dealing with our personal finance issues is much like running a business. Money comes in (from personal income) and money goes out (financial obligations). With a bit of discipline we may have some left over (profit) at the end.
One sure way to know if there will be a "profit" is to establish a budget. This will take some time to establish and refine so it will be accurate. We will probably begin here in our next blog.
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