Personal Finance Isn’t Rocket Science, It’s Self Motivation

motivationBy Jeffrey Strain

“How do I get my personal finances in order?” This is a question that I get on a regular basis. While personal finances seems to be intuitive to some people, there are many people that have a lot of trouble figuring out what they are supposed to do.

The first thing that is important to know is that there isn’t a single “correct” way to save money and get your personal finances in order. What works for one person may not work for another. Individuals need to look at their specific circumstances and learn what motivates them to take action to get their personal finances in order.

Saving money is definitely not rocket science. You already know m

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7 Responses to Personal Finance Isn’t Rocket Science, It’s Self Motivation

  1. pfadvice says:

    I believe that people should do their very utmost to pay off their obligations. That being said, there are times when bankruptcy may be an option. Unfortunately the answer is never black and white and many things will depend on your particular circumstances as to whether bankruptcy is the best option.

  2. Personal Finance Coach says:

    Money is psychological. The spending and saving are alot of times governed by pleasure spending and the pain of saving and delaying immediate gratifaction.

    Most Americans like 95% have not learned to master themselves and use common sense. Thats why credit card and fnnacial instituitions are having a field day…

  3. ben says:

    If you are going to throw out random percentages, you need to be able to back them up or at least cite the source. I think I’m on pretty safe ground believing that far more than 95% of people are doing fine with their finances. While many aren’t, throwing out meaningless numbers like that serves no purpose at all. If I am wrong, I will apologize when you show me the citation where you got the 95% statistic from.

  4. Personal Finance Coach says:

    I didnt mean to ruffle anybodys feathers with that stat. I found it in a Smart Money Issue.Dont remember the issue I will have to loook in my archives.

    As far as credit card debt. Debt stacking is the best alternative to reducing and eliminating debt. The most damaging billing cycle is the two cylce billing with purchases. You get hit with interest charges twice a month.

  5. I agree that there is psychological factor to money. One of the things that I had to figure out was the difference between “wants” and “needs”.

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