Personal Finance for Beginners For most people, the New Year comes with new personal finance goals – and 2021 is no exception. However, whether you are making an investment, creating a budget, or working on your finances, you need a lot of information. Personal finance is a sore subject for many people. And it's often not because they lack money – first and foremost, they lack the financial literacy to handle their money. If you find yourself overspending, living above your means, or neck-deep in debt, something has to change. Formal education will make you a living; self-education will make you a fortune. (Jim Rohn) As of October 2020, the average personal savings rate in U.S. households was 13.6% . Additionally, most households live from paycheck to paycheck. Lear ning the basics of how money works will increase your savings rate and ensure financial independence. To help you reach your financial goals, we put together a short guide to personal finance for beginners! What is pe...
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