Out of money? What happened?

Hello and welcome. Today we will talk about what personal finances are and why they are important to everyone.

What are personal finances?

Every time we receive our check for the days we have worked we have different routes of action:

Route 1. John, the impulsive one:

Every time John receives his payment, the first thing he does is go to a party and/or buy things “because he deserves them”. In consequence, he has burned all he’s resources by the weekend (or even earlier).

What will John do now? Well, now John is forced to generate debt through the use of a credit card, pawning…

Eliza García

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