An understanding of personal finance helps you make informed decisions about your personal situation. Money does not buy happiness, but financial security certainly makes life easier. Good financial decisions lead to flexibility and allow you to achieve your true desires in due time without fear of not being able to make the payments. If every day you buy one soda that costs $1.25, you end up spending $456.251 on sodas during the year.
Personal Financial Literacy – Second Edition – Madura, Casey, Roberts – Pearson