Financial Management

Written by Samuel Wong
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For many people, their idea of a good financial management plan consists of making sure the minimum due on their credit cards is paid on time each month. The problem is that many of us do not know how to handle our finances intelligently. There are countless books and videos teaching us how to manage our finances, but no one seems to have the time that is required to learn and absorb all the information present in these books and tapes.

Many of us received our schooling on finances from our parents. The basis of which was usually "save, save, save." Often times, they had learned about finances the hard way, through trial and error. They did not want to see us go through the same financial hardships and setbacks that they experienced as we were growing up.

Smart Financial Management Today Means Smooth Sailing Tomorrow

The lack of good financial management can cost some people their retirement. We often see older people working behind the counter at the local fast food restaurant or behind the register at the local discount superstore. These people are most likely not there because they love the work and the people. It is because they did not have a good financial plan, and they are paying for their mistakes now.

Financial management is a subject that should be taught as early as elementary school or junior high. With our culture so focused on material goods and popular culture focused on who's driving the fanciest car and who has the biggest house, it is no surprise that so many people find themselves drowning in debt by the time they finish college.


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