Personal finance, on the surface, seems like common sense.
Spending less than you earn is not rocket science, after all.
The problem is that actually spending less than you earn relies on repeatedly and
consistently making good decisions in many different aspects of life.
You have to know how to shop around. You have to know how to control your impulses. You have to be able to truly assess the impact of acquiring debt. These are modern life skills and, like it or not, we’re not born with them.
These are skills that we learn.
Some of us are lucky and we learn these skills growing up. Others have a school with a great
education program or a teacher who can make the topics relatable. A very large number of us had neither of these. We were dropped into adulthood without a good sense of the financial impact of our impulses and without a strong comprehension of how big of a hole we were digging for ourselves....Read More