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I'm 18 years old; last year I finished high school. I attended a school oriented in accounting, and even though I didn't care much about it at the time, now I realize how important is to know how to manage money in my everyday life.

So my question is: What are the main concepts I must know to have a solid understanding about personal accounting? I'm looking for some sort of study plan.

Although I learned a lot in high school, there are things I didn't pay much attention to and I don't remember now. Also, I want to make sure there aren't any topics that I may have missed at school.

Thanks in advance for all your responses and suggestions!!

Ben Miller
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Paula Daniela
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1 Answers1

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This may seem overly simple, but the most important thing to know is "live beneath your means".

If your income is, for example, $2000 per month, spending $2001 or more per month is a sure path to ruin. Spending $1999 or less is the secret to success.

Everything else on this forum is mere commentary on the above.

Rocky
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