The widespread financial insecurity of Americans is primarily because:

When it comes to personal finance, the math is easy. Whatʹs challenging is managing your .

The number-one cause of divorce in North America today is stress and disagreements over money.

The envelope system works great for managing spending on things that donʹt normally have a fixed monthly expense.

If you write a zero-based budget every month, it is not necessary to reconcile your account.

Budgeting is crucial to your financial success.

ʺPay yourself firstʺ means you should assign a portion of your income to saving and investing every month.

Setting up automatic account transfers is the easiest way to build your savings for your emergency fund or large purchases.

The first thing you should save for is your retirement fund.

Your income level greatly affects your saving habits.

Americans typically maintain a very high savings rate.

You should save money for three basic reasons: emergency fund, purchases and wealth building.

When youʹre older and out of school, youʹll need to grow your emergency fund into a full three to six monthsʹ worth of expenses.

You should keep your emergency fund in the same account as your spending money.

When youʹre in high school, you wonʹt have the same emergency expenses as your parents.

Since you are a teenager, what you do now with money will have little effect on your financial future.

Most Americans today are wealthy and will have financial security when they retire.

Having debt keeps you from building wealth.

When developing a personal financial plan, one of the first things you should do is assess your current financial situation. This includes your income, assets and liabilities.

Everyone should have the same financial plan. A budget that works for one person should be sufficient for everyone.

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