Financial Management And Types Of Lifestyles And The Way They Are Financially Planning Ahead

1283 Words Jul 17th, 2016 null Page
Personal financial management is an extremely necessary skill that all successful people need to learn. The basics are essential to any lifestyle and will be beneficial regardless of how you live your life. In fact the way we manage our money can be the difference between credit card debt, financial headaches and living comfortably and with within your means. The following articles researched different styles of financial management and types of lifestyles and the way they are financially planning ahead.
Financial planning mistakes done in the first stages of independent life can be difficult to be corrected. Financial decision-making has high impact not only on the individual but on their future household economic well-being. This is why the main reason why the subject of this article is young household age between 18 and 30. Individuals that are not finically savvy in the beginning typically set themselves up for a life a money struggles.
There could be simple and easy way to raise public awareness to the significance of personal finance it is important to have good skills of personal finance management in order to make correct day-to-day decisions such as what not to buy and what to buy this would help to save lots of money in the long run as unnecessary products would be bought not so frequently. This was the main concern of these authors. (Navickas, Gudaitis,& Krajnakova, 2014).
The ability to make these decisions more responsibly would improve the well-being of the…

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