Personal finance is a lifelong journey. You make mistakes, you learn from them. You make different mistakes, you learn from them. It’s not possible to not make mistakes; it is, however, possible to learn your lessons and apply them to improving your personal financial situation. And being a lifelong journey, you should adjust your financial plans as and when your personal situation changes. What’s good for you when you’re twenty-five certainly isn’t good for you when you’re touching forty. Your financial plans should and must change with you.
One more point. Though I write a lot about personal finance, my finances are far away from what’s ideal for me. In fact, most peoples’ personal finances are far from perfect. And that’s OK — so long as you’re working hard at getting them back on track. Because, remember, personal finance is a lifelong journey.
Tip Tuesdays is my initiative to share practical personal finance tips â€” every Tuesday. I’d be delighted if you could share a tip or two from your own experiences. Drop a comment to submit your tip. And, as always, do spread the word if you find this useful.