How do I start learning about personal finance and gain financial literacy? - Seedly
 

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Asked by Anonymous

Asked on 01 Jul 2019

How do I start learning about personal finance and gain financial literacy?

I'm very much interested to begin learning however I don't know how to, HELP pls!

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Sarah Chan
Sarah Chan, Business Administration at NUS
Level 6. Master
Updated on 01 Jul 2019

Hi there anon! I recently answered a similar question here, you should check it out: https://seedly.sg/questions/i-have-been-working-on-a-plan-to-achieve-financial-independence-but-it-hasn-t-been-going-too-well-anyone-has-any-advice?aid=16497

I think the first step to personal finance is to sort out your current financial status according to the 5 verticals in personal finance. For starters, check out these 2 articles!

Next, you should take a course of action based on the 5 verticals of personal finance.

  1. Income: adopt our Seedly 50-30-20 salary allocation model

  2. Expenses: track them with the Seedly App

  3. Savings & Debt: pick a high interest savings account

  4. Insurance: get life & health insurance at the very least

  5. Investment: start reading up about investment options and make a financial plan

Managing your personal finance isn't that daunting, you just have to begin somewhere. I hope I've brought you to that somewhere! You can read up more on personal finance on our Seedly blog, everything is FOC :) All the very best to your personal finance journey!

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