Unless you specialize in finance or accounting, personal finance can seem really boring. When learning about personal finance, a lot of people focus more on the ‘finance’ part of the phrase: the numbers, the analysis, the sacrifices, the things that aren’t fun. What most people tend to forget, though, is the ‘personal’ part of the phrase. Once people focus on the personal aspect of personal finance, they will come to enjoy becoming financial successful.
When I create a family budget, it is so I can make priorities for money because I know that I can’t have everything that I want. It is not because I enjoy creating Excel spreadsheets (even though I do enjoy that).
When I put away money into a savings account, it is so my daughter can have a little nest egg when the time comes for her to leave home. I don’t do it thinking it is just money that I am losing.
When I set aside 3% of my paycheck for a 401K, it is so I have a nice retirement where I can enjoy time with my wife and spend time with grandchildren.
Making personal finance personal for me has helped make what is usually a chore, fun. What are some ways that you make finances ‘personal’? Let me know in the comments.