10 Personal Financial Rules You Won’t Learn in School


Personal Financial is an essential aspect of life that is often overlooked in formal education. While schools do teach basic arithmetic and accounting, they seldom cover the intricate details of personal finance. As a result, many people are ill-equipped to manage their finances effectively, leading to financial struggles and difficulties. In this article, we will discuss 10 personal finance rules that school doesn’t teach you.

So here are the top 10 rules for your personal finance

1- Always Have a Budget

Having a budget is one of the most important personal financial rules you won’t learn in school. While many schools teach students the basics of personal finance, they often fail to emphasize the importance of budgeting. A budget allows you to live within your means, prioritize your spending, and save for the future. It helps you avoid debt and financial stress, and gives you a clear understanding of your financial situation. Creating and sticking to a budget requires discipline and self-control, but the benefits are well worth the effort. By making a budget a personal financial rule, you can set yourself up for long-term financial success.

2- Start Investing Early

One of the most important personal financial rules that you won’t learn in school is to start investing early. The earlier you start investing, the more time you have for your money to grow through the power of compounding. Even if you only invest a small amount initially, over time your investments can grow substantially. This is why it’s important to start investing as early as possible, even if it’s just a small amount. Investing can be intimidating, but there are many resources available to help you get started, including online investment platforms and financial advisors. Don’t wait until you’re older to start investing – start today and set yourself up for a secure financial future.

3- Save for Emergencies

Another important personal financial rule that you won’t learn in school is to save for emergencies. Unexpected expenses can arise at any time, such as a medical emergency or a car repair, and having an emergency fund can help you avoid going into debt. It’s recommended to have at least 3-6 months’ worth of living expenses saved in an emergency fund. This may seem like a lot, but by setting aside a small amount of money each month, you can gradually build up your emergency fund over time. Consider setting up automatic transfers from your checking account to a separate savings account specifically for emergencies. This way, you won’t be tempted to spend the money on non-emergency expenses.

4- Pay Yourself First

Another personal financial rule you won’t learn in school is to “pay yourself first.” This means that before paying any bills or expenses, you should set aside a portion of your income for savings or investments. By prioritizing your own financial goals, such as building an emergency fund or saving for retirement, you ensure that your money is working for you and not just being spent on immediate needs. Paying yourself first requires discipline and a commitment to long-term financial planning, but it can have a significant impact on your financial future. By making this a personal financial rule, you can take control of your finances and work towards achieving your financial goals.

5- Avoid High-Interest Debt

One of the most important personal financial rules that you won’t learn in school is to avoid high-interest debt. High-interest debt, such as credit card debt, can quickly accumulate and become a burden on your finances. When you carry a balance on your credit card, you’re not only paying back the original amount you charged, but also interest charges that can add up over time. It’s important to only charge what you can afford to pay off each month and to avoid taking on new debt if possible. If you do have high-interest debt, focus on paying it off as quickly as possible to avoid accruing more interest charges.

6- Live Within Your Means

Living within your means is an essential personal financial rule that you won’t learn in school. It means that you should only spend what you can afford and avoid taking on debt to finance your lifestyle. It’s important to create a budget and track your spending to ensure that you’re not overspending in any area. By living within your means, you can avoid the stress of financial problems and focus on building a secure financial future. This may require making some sacrifices in the short term, but it will pay off in the long run. Remember that a simple lifestyle can be just as fulfilling as an extravagant one.

7- Diversify Your Investments

Diversifying your investments is an important personal financial rule that you won’t learn in school. It means spreading your investments across different asset classes, such as stocks, bonds, and real estate, to reduce your risk of losing money. By diversifying, you’re not putting all your eggs in one basket and can benefit from the potential growth of multiple investments. It’s also important to diversify within each asset class, such as investing in stocks from different industries or countries. Diversification can help protect your investments during market downturns and increase your chances of long-term financial success. Remember to consult with a financial advisor before making any investment decisions.

8- Plan for Retirement

Planning for retirement is a crucial personal financial rule that you won’t learn in school. It’s important to start saving for retirement as early as possible to ensure that you have enough money to live comfortably during your retirement years. This means contributing to a retirement account, such as a 401(k) or IRA, and considering your investment options carefully. You should also estimate your retirement expenses and adjust your savings accordingly. It’s never too early or too late to start planning for retirement, so make sure to include it as part of your overall financial plan. Consulting with a financial advisor can also help you create a retirement plan that works for you.

9- Review Your Finances Regularly

Regularly reviewing your finances is an important personal financial rule that you won’t learn in school. It’s important to keep track of your income, expenses, and investments to ensure that you’re on track to meet your financial goals. By reviewing your finances regularly, you can identify areas where you can cut back on spending or increase your savings. You can also monitor the performance of your investments and make adjustments if necessary. Reviewing your finances can also help you avoid fraud or identity theft by catching any suspicious activity early on. Make it a habit to review your finances at least once a month and consult with a financial advisor if you have any questions or concerns.

10- Seek Professional Advice

Seeking professional advice is a crucial personal financial rule that you won’t learn in school. While there are many personal finance resources available, consulting with a financial advisor can provide personalized guidance and help you create a financial plan that meets your unique needs and goals. A financial advisor can provide expertise on investment strategies, retirement planning, tax planning, and more. They can also help you navigate complex financial situations, such as managing debt or planning for a major life event. When choosing a financial advisor, make sure to do your research and select someone who is qualified and trustworthy.


In conclusion, personal finance is a critical aspect of life that is often overlooked in formal education. By following these 10 personal finance rules, you can take control of your finances and achieve your financial goals. Remember to always have a budget, start investing early, save for emergencies, pay yourself first, avoid high-interest debt, live within your means, diversify your investments, plan for retirement, review your finances regularly, and seek professional advice. With these rules in mind, you can build a solid financial foundation that will serve you well throughout your life and enable you to enjoy financial stability and security. Don’t be afraid to educate yourself further on personal finance and make a commitment to practicing good financial habits. With dedication and discipline, you can achieve financial success and peace of mind. Remember, it’s never too late to start taking control of your finances and working towards your financial goals. Start today, and you’ll be on your way to a brighter financial future.


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