Let's learn about personal finance: a topic of interest for all ages.

Abstract

The purpose of this article is to provide information and encourage collective reflection on managing our income and the daily lives we lead, which are often characterized by rampant consumerism and the creation of needs that are not as real as they may seem. By examining our consciences, we can determine that both families and individuals have been managing their income unconsciously. Therefore, the aim is to provide guidance on the proper management of personal finances and income, so that everyone, from children to adults, can take on more responsibility. This will lead to a more committed society in the future, especially in the event of widespread economic hardship. Society, families, and individuals are not truly prepared to embrace responsible and committed saving, and perhaps even less so to abstain from purchases or spending money in favor of investments that generate income. For this reason, this article will develop a more practical way for our readers to begin a new financial life.