None of us were born knowing how to properly manage our personal finances. It’s a skill that takes time to cultivate, and it can be incredibly daunting in the beginning when you’re just starting out. From 401Ks and IRAs to emergency savings funds — there’s a lot to wrap your head around in the world of personal finance, some of which can be incredibly confusing to a complete novice. That being said, no matter your income, financial goals, or lifestyle, there are some universal money management skills everyone should know in order to master their finances.
While you may already know the importance of creating and maintaining a budget, there is other key financial advice to keep in mind while paying off debt, budgeting, and saving for the future. To make your journey to financial stability less daunting, Erin Lowry of the Broke Millennial created a handy beginner’s checklist for mastering your money in her latest video on TFD’s Youtube channel. Consider it your cheat sheet to all things regarding money management.
Whether you’re having trouble with your money or simply curious about what you should be doing better — head over to the channel now for helpful money tips and tricks in last week’s installment of the 3-Minute Guide, brought to you by Skillshare.
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