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Regardless of how
much money you have, your job, income, age, or priorities, personal
finance is extremely important. A lot of people lack the basic
principles of personal finance, and one bad situation, or economic
down turn could have a catastrophic impact. Some people choose not to
worry about money, saying that money doesn’t buy you happiness. But
when facing catastrophe those people could have used some common
knowledge personal finance.
First and foremost always
have an emergency fund on hand. This is incase of one of those
hardships. Things like losing a job, or being unable to work due to
sickness are one of the most common ways people get behind on bills.
Without this emergency fund safety net, your only option is to take
on debt. Without anyway to pay it off at the end of each month, that
debt will continue to grow with interest rate, … Read more