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how do i learn about managing finances?

asked 2019-12-09 18:56:45 -0500

strongKaur gravatar image

This sounds ridiculous but I know pretty much nothing about personal finances and banking. My parents have managed all that for me up to now, and all I know is basically how to login to my account and transfer funds. I dont know anything about banking terms, or even what interest is accumulating on my credit-line etc. I know I'm not the only one in this predicament and a lot of young punjabi women don't get taught this. I always kind of thought maybe after I'd get married my husband will manage the money and now I'm realizing I need to learn this for myself. Where do I start? When I go to the bank i have no idea what they are talking about. Up till now I just signed what my parents told me to sign (I realize how horrible that sounds but its true!). I have a lot owing due to my schooling.

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answered 2019-12-09 19:30:55 -0500

teraBanda gravatar image

The only investment that will always be safe and will yield profit forever is to feed a hungry saint.

Rest all is futile, even Bill Gates will leave all his money here.

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great points, I agree. Yet in all practicality one needs to learn how to survive in this world too and the life skill of basic finances is extremely important so you don't end up on the streets.

strongKaur gravatar imagestrongKaur ( 2019-12-09 22:50:36 -0500 )edit

answered 2019-12-10 10:18:28 -0500

Guruka Singh gravatar image

There are lots of how-to guides on the Net. For example, this one. It feels really overwhelming at first. See if you can find a financial counselor or a friend who has already figured it out. Many schools offer this service for free to both students and the public.

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Asked: 2019-12-09 18:56:45 -0500

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Last updated: Dec 10 '19