Personal finance and budgeting doesn’t have to be hard un-talked about subjects. If you do the simple things, you will be on the road to financial success:
Key 1: build a 1-year emergency fund that covers your expenses, bills, and lifestyle for one full year.
Key 2: don’t get credit cards if you struggle with them or find them to be too tempting. If you do get a credit card, use it wisely; always have a purpose for each credit card and how you utilize it.
Key 3: save and invest and never stop. No matter what you do, save and invest about 10–25% of your total income. If you have a certain amount of income you want to have by a certain age figure out how much you need to save per year, month, week, or day. Never “not have”. Always be ready for a loss of a job, a loss of income, etc.
Key 4: never depend on one source of income.