Time & Money Managment: One Size Does Not Fit All

Every Professor Thinks Their Class is Most Important

One thing that irks me is when a professor tells the class that it is expected that you spend 3 hours outside of class studying for every hour you’re in the class. I’ve heard this from my calculus class years ago to my introduction to psychology class. What bothers me is that they ignore that everyone is different.

Some people are great at history, another is great in math, so they would likely spend more time on their weak areas and less on things that come easily.  Other students may be working full time or have a family to support. They can’t spend 40hrs outside of class. I’m fortunate that those professors were in the minority, though there were still too many for my taste.

What Works For Your Budget?

A lot financial advice can sound a bit like professor who believe that a standard applies to all circumstances. Saving 10% of your gross income is great advice, but if you make minimum wage and have kids to feed, it doesn’t apply.

It also applies to this blog. I just write from my personal perspective. I’m not financial expert and do not claim to be one. If you’re looking at this blog or any other for that matter to get you answers for your personal situation, then you could be applying advice that has no merit with you. It like diagnosing yourself for a disease from the web. It can be bad for your health.

If you want to learn more about money management basics and enjoy hearing it from a personal view, then please continue reading this blog and the others on my blogroll. I love hearing other people’s ideas and if you have a story regarding a post written, then leave a comment. Bouncing ideas off of one another is a great way to seeing how situation a bit more clearly.

Universal Truths

With that long winded rant done, I would say that there are a few universal truths in finance. One piece of advice that should be followed for 99.9% of the time (leave room for some crazy event):

Spend less than you earn.

Whatever your situation, if you spend less than you earn, you’re helping yourself, whether it’s paying off debt or saving that extra money.

What piece of financial advice do you think applies to almost everybody? What advice is not applicable to good number of people?

If you liked this post, then please subscribe to my and/or share the post!

• Weekly Round Up: Messing Around With Video Games This week has a bit crazy with traveling to meet family and some other things. We're currently enjoying the new TV and taking turns playing some games on it. I just finished the main storyline on Fable 2 and I'll go back and play it to handle a few side......
• Jumpstart your Emergency Fund & Debt Reduction with a Part-time Job Photo Credit:  alexik Many people think that cutting expense is the only way to build savings and reduce debt. That's not true. One of the basic principles of personal finance is to spend less than you earn. Most people focus on the former because it can be easier to look......

• Two of my favorite personal finance posts from the past 2 weeks. Each and every week I am amazed at the amount of personal finance posts that people come up with, so its hard to pick a few that really stand out for me. This past week, even though I was traveling quite a bit, I came across 2 posts that I......
• Money Management During Tough Financial Times Personal money management can absolutely be a challenge, especially when you are tight on cash. Payday never seems to come in time, and your pockets probably feel empty long before the bills have all being paid up. Here are some basic but essential tips for money management that can help......