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 →
Personal management is about making a plan for your life. It involves setting short-term and long-term goals and investigating different ways to reach your goals. Education, training, and experience all help make your goals a reality. To meet your goals, you will choose the best path for you then commit to it. As you pursue your goals, you will need to stay flexible enough to deal with the changes, challenges, and opportunities along the way. 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 →