Chapter 1. Personal Finance: They Didn’t Teach This in College

In This Chapter

  • The meaning of personal finance

  • How much (or little) do you know about personal finance?

  • Money attitudes

  • Starting to save and plan now

If the phrase personal finance makes you think of long and serious (read: boring) discussions about stocks, bonds, annuities, and interest rates, well, your impression is partially correct. All those subjects do have their place in the vast world of money and finance. In most ways, however, the emphasis in personal finance is on that first word—personal—which means it’s all about what you do with your money and how what you do now affects your future. What could be more interesting than that?

Exactly What Is Personal Finance?

Simply put,

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