Archive for the ‘More Than Math’ Category

There are some people out there who think that finance is just a mathematical science. That is the way it is taught in the universities, and is most of the time the first thing that pops into one’s head when they think of personal finance is numbers. On paper, finance is a mathematical science, but when a human gets involved it becomes personal finance.

Personal finance is who a person is. Personal and emotional problems are two things that can really affect a person’s money. On the other hand, personal strengths play an important role as well. For example, if a person is disciplined with their money they will have no problem saving it and having enough money to meet their needs. If a person is selfish and self-centered they will waste their money buying things they do not need. Selfish people always need to be surrounded by the best things to feel good about themselves.

Many times if a person’s finances are in bad shape it is not because of a money problem. There may be some personal problems that affect a way a person spends their money. If a person is suffering from depression they may tend to go out and shop and buy things they cannot afford to make themselves be in a better mood. Sometimes, in order for a person to get their finances in order it is as simple as recognizing an underlying cause for them spending their money on unnecessary things.

Math does play a part in personal finance, but if there are other problems in a person’s life no amount of math will be able to straighten out their money problems. If you are someone who is tired of being in debt it may be time to take a step back and look at where you are spending your money unnecessarily and figure out what is causing you to do it. When these problems are discovered and a cure is made one can be on their way to getting out of debt and having the money they need.