One thing I regret about college is that there was no class on personal finance. (Or if there was, I didn’t know about it.) Sure, I wrote papers on the philosophies of Nietzsche, Arendt, and Kirkegaard, but no one ever made me take a quiz about 401Ks. But, as an adult who is interested in retiring some day, has two kids that need to go to college, and who likes to travel today, I’m very interested in understanding personal finance issues–like most of us are.
So, when I came across an interview with Harold Pollack, co-author of The Index Card: Why Personal Finance Doesn’t Have to Be Complicated, my ears perked up. Pollack, and co-author Helaine Olen detail 9 easy (in theory, not always easy in practice) things you need to do to be on top of your personal finances. Here are the 9 things:
- Rule No. 1: Strive to save 10 to 20 percent of your income.
- Rule No. 2: Pay your credit card balance in full every month.
To keep reading, click here: The Simple 9 Step Plan to Financial Freedom
And before you (and you know who you are) write a nasty comment about how insensitive this post is, please note, it’s written for people who are already in the middle class, and fully acknowledges that it’s not a one-size-fits-all plan.