Why should you care about personal finance?

Planning your future starts here.

There are a lot of your folks who have no clue about how to manage money. They usually spend everything they have in their pocket, and even more: they charge the credit cards like the card is their deep pocketbook. The result? They live from check to check while their finances move with accelerated speed below zero deeper and deeper.

I see it as a triple problem:

1. The lack of financial discipline/bad habits
2. The lack of financial education
3. The lack of understanding of what means to live below your means.

“If you want to be wealthy, live below your means” 

Paul Merriman 

Living “below your means” and saving/investing money for the future requires common sense:

• Do I really need to buy this purse/phone/snickers/game/expensive car/expensive house/restaurant meal or {insert your item}? Can I live without it?
• Can I prepare the food in my kitchen instead of spending money on the same sandwich that would cost me 3 times more?
• Can I brew a coffee in the morning at home instead of spending $5-6 in the coffee shop?

While, as a couple, we are financially well-being at this point, we never overpay for needed items even if we can and have enough money to buy. From our point of view, we could drive an expensive car but prefer Subaru which has excellent technical innovations, reliability, and a price well below any luxury car. It serves all our needs for shopping, travel, and occasional work. Since we have retired, we don’t need a second car (while we can afford it!).

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Your Club Admin