3 Things You Should Have Learned in Class About Personal Finance (and That No One Taught You)

It is very common that, when it comes to personal finance, someone say that about”They would have to teach this at school”. Unfortunately, the financial education it continues to slip away from us, and we don't finish hearing about it until we encounter the economic reality of everyday life.

If this is your case, Don't worry, because it's never too late to learn. You already know that at Goin we place an emphasis on helping people like you to Save more and better. Therefore, today we are talking about 3 fundamental lessons about personal economics that everyone should know from childhood.

3 Things You Should Have Learned in Class About Personal Finance

The first of these issues is that, really, Nobody gives anything away. What's more: trusting that luck will smile on us can be a formula for disaster (at least in personal finance).

Therefore, it is very important that you make decisions to Protect yourself from financial setbacks, which can happen. Being unemployed, having a business go wrong or having a health problem are everyday events. We must be prepared for adversity. Thus, it is good that:

• Have a small emergency fund
• Invest, so that tomorrow you will be economically independent
• Make a plan for yourself, without waiting for others to do it for you

If you're one of those people who thought someone was going to come to your rescue, the first lesson is this: Nothing is free. You have to organize yourself so that your personal economy is going well.

Payrolls, receipts, taxes... and much more

Another of the sections that they never talk to us about in class is that we're going to have to deal with the economy, whether we like it or not. Knowing how much we are being held on our payroll, filing our income tax returns or managing our receipts correctly are part of everyday personal finance.

If you don't have a clue, it's okay. You can't know everything. However, learning about these issues will help you to avoid upset, or to make a prudent decision: if you don't know about economics, consult someone who does. That's also a great investment.

Saving and investing are an indispensable condition for financial freedom

Going back to point one, what will happen when you buy a home? What if you have children? Or when you retire? If you haven't thought about Who will take care of you when you can no longer do it, you missed an important lesson.

Our advice is to focus on Save and invest to be able to make decisions. Nobody teaches us to do it at school, although we make it available to you free tools to learn. In short, be clear How to manage your money, costs, everyday expenses... these are basic issues that, unfortunately, are never taught. Don't let them go and train yourself: it's a very smart decision for your future.