If you’re just getting into the world of personal finance, there’s probably one emotion that you’re feeling more than ever; confusion! I know the feeling, because I was there myself. If you find that you’re getting mixed up with all of the different information out there, you are in good company. A lot of people hear about what’s going on in the world of finance, and then they just figure that they might as well deal with cash only.
That’s really an extreme view of things, isn’t it? You see, credit is really neither good or bad. It’s what you make of it. Some people use credit in order to buy a home. There are a lot of benefits to getting a home, but if you force yourself to try a buy a home only in cash, you could end up being very frustrated in the long run.
You have to step back and come up with a plan for the rest of your life. I like to call it a financial blueprint so you get a clear mental picture of what you need to do.
You need to get into the mindset of handling your life from a financially perspective. Some people struggle with this because it means that they have to face issues that are difficult — like making more money when other people around them aren’t making as much. They might feel pressured to pick up tabs for the rest of the group, something that they might not want to do all of the time.
Life is what you want it to be, though. If you want something, you’re going to have to save for it.
On the subject of personal finance getting easier, I think it does IF you are willing to read as much as possible on the subject. Yes, at first it’s going to sound strange, foreign, and even confusing. But it doesn’t stay that way. It gets better over time. You don’t have to really deal with confusion forever if you really don’t want to, and most people that are dealing with it will eventually grow out of it.
What you need to realize is that your finances are under your control. No one is forcing you to push into more debt. No one is forcing you to get more credit cards. You have to sign on the dotted line and give consent to those things. Identity theft is real, but that’s a separate issue. I am talking only about the credit that we take out of our own accord.
Maybe this is something that you don’t want to hear today — I certainly didn’t. But if a little tough love can keep you from making the mistakes I made, I will gladly be tough on you!
There’s a lot more to life than money, but we can’t ignore the power of money in our society. The more that you can protect your financial future, the more options that you truly have! Good luck!