One way or another, you probably learned some important lessons about money as you grew up. Some things you learned from your parents (and possibly grandparents). They probably tried to teach you the things they believed were important. You may have learned other things about money (good or bad) by observing your family and others. If you were lucky you may have taken a class in high school that included a few lessons on money management. Regardless, your financial literacy is likely to have some gaps. Perhaps, you know you still have a lot to learn before you can manage your money with confidence.
A recent survey by the National Foundation for Credit Counseling (NFCC) found that 65 percent of people say their mother is intimidated by money, views managing money as a necessary evil, or has never managed money. About 730 people responded to the poll on the NFCC’s website, http://www.debtadvice.org/. Just 35 percent of those surveyed agreed their mother is “pretty savvy managing money, and enjoys it,” according to the poll. A survey regarding dad’s financial savvy might well have received similar responses from many of us. Continue reading →
To be a success at living independently, you will need to become an effective manager by taking control over yourself and your resources. Management involves using resources to meet your goals. In other words, it means using what you have to get what you need or want. Management skills are helpful in many situations—from simple to complex. Continue reading →
Life is filled with many problems that need solving. Problems may result from everyday situations, relationships, opportunities, challenges, changes, and even crises. Sometimes the situations you face are complex, involve other people, and need multiple decisions. Some problems may feel so overwhelming that you try to avoid dealing with them. Solving problems effectively is a skill you can learn. Continue reading →
Decisions are part of life. Each day you make countless decisions, or choices. Each decision you make has a unique set of characteristics. As you make decisions, you will find that following a step-by-step process will result in easier decisions and better results. In addition, you will want to take a positive approach to decision-making and avoid negative approaches. Continue reading →
Both internal and external factors influence everything you do. Internal variables are very personal and include your values, goals, emotions, needs and wants. Your personal priorities, the comparative importance you place on each of these factors, may influence you as well. External variables, including family, friends, and other factors, also influence you. Continue reading →