WTF…are the basics of Personal Finance?

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Reading time: 3:21 ⏱

We’ve been writing a lot about financial news – and people seem pretty interested in it. But now it’s time to make this news relevant to you personally. Most people know investing is probably a good idea for their long-term future, but stats show that millennials are severely underinvested. It’s time to change that – and the first step is sorting out your personal finances.

 

Here’s your 3-Minute Finimize Guide

 

  1. Figure out what you’re dealing with

Gather the info on all of your assets like your bank balance and any investment accounts that you have. If you own property, that counts too. Also know your liabilities which are basically any sort of debt (i.e. money you owe).

assetsliabilities

Also examine your monthly income and expenses. How much do you make after paying taxes? What are your mandatory outgoings, like rent, commuting to work, your phone bill, utilities, typical grocery spend (ignore “discretionary”

wtfheader

Reading time: 3:21 ⏱

We’ve been writing a lot about financial news – and people seem pretty interested in it. But now it’s time to make this news relevant to you personally. Most people know investing is probably a good idea for their long-term future, but stats show that millennials are severely underinvested. It’s time to change that – and the first step is sorting out your personal finances.

 

Here’s your 3-Minute Finimize Guide

 

  1. Figure out what you’re dealing with

Gather the info on all of your assets like your bank balance and any investment accounts that you have. If you own property, that counts too. Also know your liabilities which are basically any sort of debt (i.e. money you owe).

assetsliabilities

Also examine your monthly income and expenses. How much do you make after paying taxes? What are your mandatory outgoings, like rent, commuting to work, your phone bill, utilities, typical grocery spend (ignore “discretionary”

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