27. You should know how to manage your personal finances. - Deepstash
27. You should know how to manage your personal finances.

27. You should know how to manage your personal finances.

This means knowing how to create a budget, knowing how to save money, automating your income and learning to invest and pay yourself first, before paying all your bills.

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.miu.

19 yo medical student😄 I share interesting and sciency articles! 🇬🇧🇧🇩 MBTI: INTJ-T

Something that schools should teach... how to be self reliant out in the real world.

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Know Your Net Worth

It can help you to determine when you are and how to get where you want to be.

  • You can identify areas where you spend too much money. Do you need it or merely want it?
  • Pay Down Debt. You can develop a plan for paying down debt.
  • Your net worth figures can motivate you to...

How to create a budget

  1. Gather Some Financial Information: gather a detailed list of your income and expenses.
  2. Select a Budgeting Method: figure out how you’ll budget your money to meet your most pressing financial goals.
  3. Create Your Budget: tally...

Finances

  • Save money and set it aside for education, to get a business started, or to sustain you financially as you transition.
  • Determine your lowest acceptable yearly income and how long you are willing to live at this income level.
  • Find other income streams

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