Learn to manage personal finance?

Irving Jordahl: Avoid worst financial mistakes which can hurt your credit score, we should learn all those thing which can help to manage personal finance.

Marcelle Vanlith: complex issue. seek over bing and yahoo. it will help!

Gus Leiby: The first thing you need to do is figure out how much money you need to spend.You _need_ food, shelter, clothing, utilities, anything your boss requires you to have for work and transportation. Everything else is a "want" and not a "need".Add those things together. If that's less than you earn, you're good so far. If it's not, then you need to see about less expensive "needs"--maybe you sell your current car, and use the money from that to get something cheaper to operate (gas, insurance, car payments, etc.). Basically, if you're not living in a cardboard box and dumpster diving for your meals, you've got some wiggle room.That stuff gets paid first. If you can set it up, see about having the money taken directly from yo! ur checking account. That way, you don't run the risk of spending money on stuff you don't need, and then can't pay the electricity bill.Take 10% of what you earn, and put it into savings. The standard rule of thumb is to have enough to live three to six months.Still less than your earnings? Good. Now if you've got debt (especially credit card or student loan debt), get them paid off as quickly as you can. You're paying ungodly amounts in interest--get rid of that debt, and you'll be amazed at how it frees up your finances. Some people end up spending half of what they earn just to make the minimum payments on those debts, and can't figure out why they never have any money.I managed to clear up my credit card debt by paying off the one with the lowest balance first. Then, I could use the money I had been paying on that, and roll it into the payment on the next lowest balance, and so on. By the end, I was cutting huge swathes out of the last card's balance each month,! paying the same amount I had been paying on five or six cards! .If you've got more than one credit card, I'd look at getting rid of all but one (or maybe all of them). If you're thinking, "But what about emergencies?", that's one of the things that 10% going into savings is for. That way, when the car needs tires, or (like me) you have a several thousand dollar bill to fix a backed up sewer line, you can pay cash, and avoid the credit card interest.If your job has a retirement account you can put money into, put in every dime you can afford to. Once the emergency fund is set up and you've got three to six months living expenses, you can invest that money too.Once you've done all that, then you can spend on "wants". Wants (to me at least) are strictly a cash business. If I don't have the money in the checking account to pay for it, I save up until I do.That's how I did it. When I became unemployed in 2009, I was able to get by on unemployment because I didn't have any debt, and I became really ruthless about cutting what I didn't ! need to spend. When I finally got back to work last year, I also didn't have a hole to climb out of, so while I'm not making as much as I did before, I am making enough to pay my bills, and even have a little extra "wants" money....Show more

Stan Conley: Wikipedia or take finance classes :D

Hollis Demasters: Go visit a library and get a library card.The library is full of books about personal finances.I like Suze Orman books the best.Also enjoyed Personal Finances for Dummies - great book.