Reply by @kerrislravenhill

Kerris L Ravenhill@kerrislravenhill (74)25d

Personal finances should be a skill taught in public schools, but it's not. I had to do learn it myself. Many years ago I decided to get a Financial knowledge makeover recommended by my cousin. I didn't want to be on a lifetime poverty plan. Made goals and made a plan. Learned about taxes, Investment, and accounting. There was no easy way around it. But I learned. And being creative. Have a saving plan. Even had a spreadsheet on my monthly expenses. A few lucky breaks helped.

One trick is programing my Smartphone calendar the due dates of all my monthly and annual bills so I don't miss any. Missing the credit card bill is costly, isn't it? An important part of my finances is an Emergency fund. Start building one, I can't tell you how many times it spared me out of a bad situation. I spent time anticipating what unexpected expense can happen. High inflation adds to that risk.

My home is mine and mortgage free, just on my income as a nurse raising two boy to adulthood in Canada.

Keep learning @leemah1 !LADY

Comments · 4

@ijebest(69)· 23d
Huuu, @kerrislravenhill, reading through your reply to @leemah1 has taught me so much right now,

thank you for always lending your voice in this community, teaching us ladies how to navigate life's hard issues with a professional wisdom. Thank you....! 🙏
@leemah1(72)· 24d
I really agree with you. Financial education should be taught much earlier because many of us have to learn these lessons through experience, sometimes the hard way. It is important to have an emergency fund and planning for unexpected expenses. That kind of preparation can make a huge difference when life throws something unexpected at us. Thanks for the advice and for sharing your experience and the practical lessons you’ve learned along the way.
@topcomment(66)· 24d
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@ladytoken(55)· 25d

^{View or trade LOH tokens.}

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