Life Skills Series
Book 2: Personal Finance
Developing the ability to make sound financial decisions is an important stepping stone to independence. Young people transitioning to adulthood must evaluate the basic components involved in managing personal finances. Personal finance includes banking, budgeting, record keeping, saving, investing, insurance and taxes. Developing and adhering to a personal budget allows a young adult to prioritize necessary spending and avoid perils of debt. The financial decisions made in young adulthood lay the foundation for future financial stability.