I believe that Personal finance encompasses all the decisions a person might make when it comes to cash flow, budgeting, retirement, investments, multiple streams of income, and insurance protection. Every adult is bombarded with decisions to make when it comes to all these areas of life and I try to help with my thoughts and opinions on the various topics.
I haven't discussed my job in a while, but while talking with a new financial planner the other day I was reminded of a lesson I learned a long time ago. The conversation we were having had to do with the basic fact that most people do not have a clue what they spend. They wake up sometime around January 2 or 3, and think, "this is the year that I am going to get control of my finances" and then they start to try to build a cash flow model (or a simple budget). While the scary majority of people may not know [...]