6. ‘Personal’ Finance

As the term itself suggests, the finance is personal. Your cultural context, upbringing, personal values and preferences – all this drive your money habits. Understand and accept your spending personality when it comes to money. Uma Shashikant says, “You can be generous or stingy, meticulous or careless, honest or dishonest”.

How you tackle your money, will be driven by different motivations of your’s. It is always a wise thought to keeping emotion out of your money decisions. As when you lend money to a friend, most likely you loose both money and friendship.