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Financial management is the application of financial principles to managing your or your family’s money.
Personal financial management will involve common financial issues such as spending, income, investment, and saving. Or you can simply understand this as the use of money, so the most effective way to help you live comfortably, avoiding unnecessary risks from daily life.
Some people have complicated feelings about money: pressure to make money, wary of greed, hatred for material things, and appreciation of spiritual values.
After all, avoiding thinking about money is just an emotion that comes from your inability to control money. “Give up” or “don’t care” is a way of saying that fills the tension and fear when you don’t get what you want.
You must first understand your emotions to change your attitude from indifference or fear to being proactive regarding money.
Tana Gildea, an author of The Graduate’s Guide to Money, recommends asking yourself, “How do you feel about money? How likely are you to earn it, save it, and manage it wisely?
If you don’t feel positive, you won’t have positive experiences.” Don’t depend on money; don’t feel guilty thinking about money. It’s an essential life need.
