Keeping Finances Simple – Two Wonderful Illustrations

Managing and understanding personal finances seems a daunting task to many people. The truth is you don’t have to be a money genius to keep your financial ship trimmed; you simply have to follow the basic principles. This often means being able to ignore many of the terms and confusions the financial industry has introduced and focus in on the key points.

Frugality & Personal Finance
This week’s Carnival of Personal Finance and Festival of Frugality are both good illustrations of keeping it simple. Dawn over at Frugal for Life showed us this with her “picture is worth a thousand words” presentation of how to be frugal.

Trent at The Simple Dollar got right to the heart of the matter of personal finance issues by giving us only the most telling sentence from an avalanche of personal finance advice.

Crawl then Walk
Both of these examples show how it is possible to simplify personal finances. Don’t be overwhelmed by the choices and jargon. Learn the basics and stick to them. Spend time periodically reading books, blogs, or magazines on different financial concepts and you’ll eventually feel confident in your financial decision making ability.

Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

All posts by Ben Edwards