Personal Finance Basics Part 2 – Enhancing Your Basic Plan
In this series, I’m discussing the main ingredients of a personal financial plan – this will be a high level introduction to the topics that most people should consider when they first get started thinking about personal finances. This is the second post in the series.
The previous post discussed the very basic necessities for a financial plan. Today I am discussing the next steps to consider. To review, here are the basics:
- Earn some money
- Give some of it away
- Spend less than you earn
- Protect yourself
- Create an Emergency Fund
After taking care of the first 5 steps, I would recommend the following:
Click here to continue reading…
Personal Finance Basics Part 1 – The Basics of the Basics
Today I am starting a series on personal financial planning basics. In this series, I’m going to go over some of the main topics of personal finance – this will be a high level introduction to the topics that most people should consider when they first get started thinking about personal finances.
Today’s post will go over the very basic necessities – these are the things that you must think about for any basic financial plan. This is the bare minimum you should consider if you want to properly take care of yourself and your family. In part 2 of this series, I will go over some “optimizations” to the plan (hey, I’m an engineer, this is just how I talk)(no, not the kind that drives trains). These first two posts are to serve as the introduction to the topic. In future posts, I will get into more detail on each topic.
So, this is my list of the basic items needed for a financial plan: Click here to continue reading…
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