Some of you that follow my blog know that I have a passion for money management. My passion evolved because I wanted to make sure that I truly understood what we were doing with our money, and that I trusted the information we were using to make our money decisions. I cannot do that in a vacuum. It means I have to read, learn, and ask the right questions. This recent Daily Worth had an idea that resonated with me:
“Money management is like cooking, or fixing a car or anything else you can learn,” says Myers. “But if you tell yourself you’re simply not good at it, you’re less likely to take steps to learn the basics you need to be financially healthy.”
I have to agree. While I am not a cook, I would feel comfortable calling myself a baker. I learned over time how to work with dough and understand why a recipe called for baking soda rather than baking powder. I am still learning new things about baking, and enjoy trying out new recipes. The same goes for money management. As the world changes and evolves fast, we have to shift and adjust with it, and be aware of whether the decisions we have made in the past continue to serve us, or if we need to adjust our financial allocations based on changes in the market, and our lifestyle.
Some individuals work with a financial planner that they trust, others rely on friends and family, and some look to books, the news, and the Internet to help inform them on what decisions they make regarding their money. Whatever step you take, I encourage you to continue to learn. Maybe you are young and a beginner, or you might have a family and are looking now at how to save for your children’s future, wherever you are in life, there is always something to learn that can benefit you today and in the future.