People know they should set aside money each month, but many find it difficult to do so. Because people have unlimited wants but limited income, many people choose to indulge their wants now and worry later about future needs.
Without money in a savings account, people often choose to go into debt to pay for their wants. They pay interest to someone else instead of being paid interest on savings account, like they would if they planned ahead and saved.
To have healthy personal finances people need to save for large ticket times, such as a car, and unexpected costs, such as an accident.
Once you've complete the content above, you can use the tool at the link below to get a sense of what it might cost for you to get a post-secondary education. Once you've done that, scroll back up and proceed to Lesson 3.
