You’ve grown up and now it’s time to take responsibility. In fact, now you have to do things that adults did for you. Do you feel lost or afraid? So accept some personal finance tips from someone who has been in your shoes.

In this article, we’ve rounded up the 4 best personal finance advice we’ve heard (or wish we’d heard before). Thus, they are the results of studies, readings of books or advice from those who have experience in the subject.

As our mission is not to complicate your life even more, we will speak as simply as possible. That way, you won’t read difficult terms or fancy ideas around here. In fact, they are attitudes that you can put into practice (today, if you want).

However, first of all, I need to explain what this personal finance management is.

Personal finance is a set of practices that involves how you manage your money. In effect, it involves everything relating to it:

However, personal finances are not directly about money. At the heart of this whole issue is you, your life, and the lives of the people you love.

Thinking about personal finances is thinking about how to provide a better and more peaceful life for you and your family.

We know that money does not bring happiness. However, the lack or mismanagement of it has triggered many health and unhappiness processes. People develop depression or dissolve their families over debt, for example.

That’s why it’s so important to learn how to manage your money from an early age. Now, that you already know more or less what personal finance is, let’s go to the advice:

Now we’ll show you four essential tips on personal finance. So, keep reading and discover some easy steps to improve your financial life!

How much do you get paid on your salary or any amount, what do you think about first? Most people will think about debt, which is not wrong. However, if you think about it that way, maybe there’s no money left for what matters most: yourself.

Our tip here is to change your perspective and put you and your family at the center of your finances. Think that you have a debt to yourself and, to pay it off, you need to pay yourself an amount x every month.

This is your main debt. All others must be paid after you honor this commitment. The money you “earned” from yourself must be saved or invested. After months of “paying yourself” you will find it very easy to save.

Unforeseen events happen. If you are not prepared, you may be forced to take out unfavorable loans or sell property. To avoid this as much as possible, count on the unforeseen by preparing for them in advance.

The idea is to save enough money to fund your standard of living for a certain amount of time. How much do you keep? Start by calculating your fixed and essential costs for the month.

Multiply that value by 6 and that’s it: that’s the value you need to keep for safekeeping.

If you are fired, you will have 6 months of guaranteed accounts until you find a new job. Did your investment fail? You will have six months to think of new strategies.

This is a golden rule for those who want to live well and avoid problems with debt and banks. Indeed, it is extremely important to be aware of how much you earn and adjust your standard of living (monthly expenses) to a lower value than that.

In some moments of life, it is difficult to put this rule into practice (in cases of unexpected expenses or layoffs, for example). However, it is important to never lose sight of her and follow her whenever possible.

There are things that people don’t know or don’t have time to do. It is in this “space” that a large number of servers are supported that charge to meet these needs. That’s the market.

Looking at it that way, it’s easy to think about how to make money. All you need to do is master a skill that meets one of those two requirements. Indeed, there are complex skills that take years in college to develop.

On the other hand, there are simpler tasks, which can be learned on Youtube or through articles on websites. So you can earn good money if you learn a simple function and find someone who needs them.

Working from home, at the computer, after your main job, or at another time, you can:

It is possible to find people who need these jobs on specialized platforms or in Facebook groups, for example. Use your free time to develop one of these skills and you’ll have more money at the end of the month.

Here are four personal finance advice any young person of our time should hear. I hope you have understood them and, from now on, put them into practice. Our blog is full of other relevant finance content.

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