The Top Three Personal Finance Rules You Should Know by Heart

As adults, finances are something that is dealt with on a daily basis. Finances are nothing to take lightly, especially when it comes to a few of the most important things to remember in personal finance. Finances are the way we save money, pay bills, and more, and it is especially important to help you get through life without the headache of being worried about how to pay for things. By listening to experts, wise adults, and advice, you can get a better grip on your finances, making it easier to deal with the stresses that come with money, budgeting, and saving.

While there is quite a bit of financial advice out there that we should all be taking, there are three especially important bits of advice that should be kept at all costs. If you are interested in taking a bit of financial advice, there are few things you should keep in mind. Here’s what you need to know.

Don’t Invest, Save:

One of the oldest pieces of financial advice involves saving money. Many people avoid this and invest their money instead. However, one of the best investments that you can make is to save as much money as you can. Why is saving important? Well, saving money can give you a good cushion in life. If something happens in your life where you need a little extra money to get by, a savings account can be beneficial for just that. It is such a simple thing, but most people tend to avoid it. Those emergencies are going to come at some point, which means you will need a little extra money at some point. A savings account is a way to go, and you should “invest” some of your salary, whenever you get paid, into your savings to help it grow.

Look at Your Spending:

This might not seem like a very important personal finance option at first, but taking a look at your spending can help you better understand where your priorities lie. Your spending habits will tell you which things are important to you. Ultimately, your goal is to purchase the things that are important to you and have the highest priorities. This would include bills, groceries, and any wants that you can afford. Whatever is important to you should be taken care of first, and you should make it your goal to cut back in other areas of your life. Your priorities will tell you what these important things are. If purchasing new shoes or workout gear is something important to you, then you will be able to see that as a result of your purchases. A good way to better look at your spending habits is by keeping track of your purchases during the month. You can either look at your bank account or your credit card statement if you want to avoid writing things down.

Taxes are Important:

Whether or not you think so now, taxes are vastly important for your personal financial life. Taxes, though they seem complicated, can help you save money over time. Some experts suggest that people try at least once to do their taxes on their own. This helps people better understand various tax breaks, where you can save your money, and more. Before you get your taxes, you need to understand your tax situation so you can better find that personalized way to save. If you don’t feel comfortable about doing your taxes, even by using online software, you can always sit down with your accountant to discuss the ways in which you can save on your taxes in the future. During the year, you can write down your various tax breaks by writing them down and discussing them with your accountant.


Personal finances are an important part of life. As adults, we are going to face situations that involved money and finances in several ways. There is tons of advice out there to help with your finances. Experts, wise adults, and even those who are good at handling money all know of important ways to take care of your finances to help you save money, avoid money troubles, and more.

Out of all the financial advice out there, three things can help you in the future. Creating better savings, tracking your spending habits, and even finding better tax breaks are some of the best things you can do to better understand your personal finances. In the long-run these little things can help you should you get into difficult situation money wise as well. We should all take this advice.

Mark Angelo is the President of Yorkville Advisors

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