Personal finance is more important than many people realize. After all, everyone needs financial security to live a comfortable life. Whether you want to purchase a new home, vehicle, or shoes, you need money. Unfortunately, you can’t purchase what you desire when your personal finances aren’t in order.

Personal finance is a broad field that covers money management, risk management principles, saving, investing, retirement planning, estate planning, etc. While personal finance is an umbrella term that covers these concepts, many people also use it synonymously to refer to the financial services industry that advises individuals and companies about financial and investment opportunities.

Everybody has financial goals in their lives. Maybe, you want to become the world’s youngest billion. Or, perhaps, you’re more interested in financial freedom and independence. You want to live a comfortable life where you can choose the work you want to perform. You can refrain from doing things that don’t interest you, eschewing them for your passions and hobbies.

People have always coveted financial freedom and independence. However, they’ve become more desired than ever in today’s world. People are increasingly becoming disillusioned with living their lives following the typical nine-to-five routine, and, as a result, they seek something more.

Reading this makes the importance of personal finance more apparent than ever. Unfortunately, many educational institutions and schools don’t see it the same way. Go to any school, and you’ll witness a lack of education on the matter.

One of the people’s long-held complaints against the education system has been the lack of personal finance classes and programs. Most people assume that personal finance skills are easily acquired, but that rarely happens. Managing your personal finances is an art that requires discipline. It’s also something that requires experience.

Teaching young adults about the importance of money is essential because it promotes financial literacy. It enables them to embed finance standards into their personal lives, leading to experiential learning.

Most personal finance courses often cover numerous topics, ranging from credit and credit cards to taxes and utility payments. Many personal finance courses will also cover other essential areas like apartment hunting and assessing rental options.

These are all critical skills people need to survive in the real world. Yet, inexplicably, the education system completely glosses over them, neglecting them in favor of topics and courses with little practical value.

Financial institutions are happy to give young adults credit cards and loans. But, what about providing them with the knowledge and wherewithal to use these loans properly? Unfortunately, that’s something missing within the education system.

Young adults often stumble into the real world after emerging from their sheltered bubble, only to realize that they aren’t equipped to handle the challenges facing them. That’s where Tutorjoint enters the mix.

Tutorjoint has excellent personal finance tutors to help you learn crucial financial literacy skills that will continue proving useful in your later life. You can learn financial planning and literacy at your pace because our teachers are available round the clock, meaning you can select class timings that suit you. In addition, you’ll find numerous one-on-one tutoring and group lesson classes on Tutor Joint. You can choose the ideal lesson setting based on your preferences.

The Pillars of Personal Finance

As previously mentioned, some concepts like saving, investing, money management, financial planning, and retirement planning are crucial tenets of personal finance. These concepts form the pillars of personal finance. Let’s assess them in detail:


Everyone needs a steady stream of income in their lives. Having regular income ensures you have money coming into your bank account. It allows you to purchase luxuries and necessities. Ideally, you’ll be receiving an income from your job or if you’re self-employed through your business. Most people operate on the principle that their income will keep coming in forever. As a result, they don’t utilize their income properly regardless of how successful and well-paid they are. Avoiding this trap is essential to being successful at managing your personal finances. Most experts unanimously agree that your income should always exceed your expenses. Ideally, they recommend saving anywhere between ten to thirty percent of your income, depending on how much you earn, your family size, and your expenses.

Generally, you’ll want to use your income as the baseline for creating a budget. A budget helps you prioritize spending, saving, and investing appropriately. However, that’s not enough either. If you read any millionaire or billionaire’s book, they’ll tell you that saving isn’t enough. Ideally, you’ll want to have multiple income streams to reach your financial goals because you don’t want to place all your eggs in one basket. You want money coming in from different streams. Let’s assume your organization stops operating tomorrow. Suddenly, you’re out of a job, meaning you don’t have any income. You’ll need to use your savings immediately to pay for expenses until you get another job.

Creating multiple income streams is a core facet of personal finance. It helps you attain financial security and, more importantly, financial independence.


Some people think you need to be wealthy to have assets. But that’s not necessarily the case. For instance, you could purchase a small studio apartment. That’s an asset. Likewise, your car, computer, smartphone, and other items are also assets.

However, you’ll need to get appreciating assets if you’re interested in gaining financial independence and security. Appreciating assets generally refer to stocks, cryptocurrencies, commodities, index funds, real estate, etc. These assets appreciate quickly. They often outpace inflation, meaning your money is secured when you invest in them.


Savings is another pillar of personal finance. You’ll often hear people discuss the importance of having savings. Let’s continue using our earlier example. What would you do if your employer shut their offices? It generally takes people a few weeks or months to get another job. You would need to use your savings to survive until you got another job. That’s precisely why you’ll often hear people talk about having savings. Generally, it’s considered good practice to have two types of savings: an emergency nest egg and medical savings.

It’s no secret that medical bills and expenses cost through the roof in the United States. The nation is home to one of the world’s most expensive healthcare programs despite recent measures to make it more accessible to the general public. Medical expenses are also the primary reason people go bankrupt.

Setting aside savings for medical emergencies can be extremely beneficial for adults. It gives them peace of mind. More importantly, it protects them from going bankrupt if a medical emergency occurs.

Likewise, an emergency nest egg is also crucial for adults. An emergency nest egg should contain six-to-nine months of savings, allowing you to live comfortably while job hunting. It can also help you relocate to a different place in your job pursuit.

Generally, you’ll want to allocate money for your savings account separately after deducting your expenses and investments from your income.


Investments are critical if you’re looking to build passive income streams. People often say you shouldn’t work for your money. Instead, your money should work for you. Logically, that holds some weight because, as humans, we all have our limitations. Humans require sleep, nourishment, and relaxation. As a result, you cannot devote 24 hours of every day to making money. You’ll eventually burn out.

Investing allows you to create a passive income stream that has many rewards. There’s a reason investors and traders love trading financial instruments like stocks, cryptocurrencies, commodities, forex, etc. These investments can generate sizable returns without their active involvement.

Dividend stocks, for instance, are an excellent option for investors focused on the long-term picture. They give investors monetary compensation for purchasing the stock annually. Investing in other profitable assets like real estate is also an excellent way to increase your earnings. Doing so will help you attain financial independence and security more quickly.


Everyone has expenses. You’re probably renting your home unless you outright own it. Or you might have a mortgage on it. You have accommodation expenses in such instances. Likewise, you probably need to travel to your workplace unless you work from home. Gas and car expenses add up. Then, there are also utilities, taxes, and leisure expenses you must consider. The reality is that you have numerous expenses you must pay to continue enjoying your quality of life.

People often make the mistake of spending beyond their means. This tendency causes them numerous problems, leading to crippling debt and bankruptcy. Ideally, you’ll want to restrict your spending to a percentage of your income. Most financial experts recommend spending 50 percent of your income on needs and 20 percent on wants. However, this is an arbitrary number. It can change based on your financial situation and earning power. For instance, you can’t spend 50 percent of your income on needs if your annual income is $1 million. While lifestyle creeps happen, you’ll be spending more on wants than your needs. Therefore, you must assess your spending carefully. Ensure you control it.

Master The Art of Personal Finance with Tutorjoint

Managing personal finances is an art that not many people have mastered. If managing personal finances were easy, everyone would have perfect credit scores. Bankruptcies would cease to exist. Financial institutions would pull the shutters down because interest repayments would happen timely. Unfortunately, the world doesn’t work like that. Whether you’re a young adult transitioning to living independently or someone looking to manage their personal finances better, you could likely use help.

Tutorjoint is an online learning platform that can help you grasp personal finance concepts. We have numerous personal finance tutors that provide online teaching classes at your convenience. You can select your time slots and get to work. If you’re a night owl, you might prefer the evening. Well, Tutorjoint allows you to do precisely that.

The best part about Tutorjoint is tailoring learning to your preferences. Our personal finance tutors provide one-on-one teaching classes and group learning classes. You can search our website to find one-on-one tutors with teaching styles that suit you.

24/7 Online Personal Finance Help Help

Our tutors are ready to help you at a moment’s notice. You can examine our list of tutors and select one that suits your preferences. You can filter tutors by their hourly rates, qualifications, specialties, timings, etc.

Tutorjoint is proud to state that we have tutors available round the clock, meaning you don’t have to worry about receiving personal finance help during the odd times of the day. You can use our platform to find a tutor to help with your personal finance needs. It doesn’t matter whether you need assistance for a personal finance course or you’re struggling with managing your personal finances. Our tutors will have your back at all times of the day. Since our tutors are available round the clock, you can set a comfortable pace for yourself, ensuring that you learn the concepts adequately. Tutorjoint is the ideal platform for students because help is never more than a single click away.

Boost Your Personal Finance Grades

Grades matter more than anything else in the academic world. The education system has conditioned students to believe that grades are the determining factor for their futures, placing enormous pressure upon them. While this is partly true, students often stress themselves to the detriment of their mental and physical well-being.

Fortunately for students, there’s no need to worry anymore. Tutorjoint’s tutors are ready to assist you at a moment’s notice, helping you improve your grades. Whether you’re struggling with the most advanced personal finance classes in a graduate program or entry-level courses in an undergraduate program, you can rely on our tutors for help. The best thing about Tutorjoint is that help is only a few clicks away. You can opt for personalized one-on-one tutoring or enroll in group classes. Your convenience is our priority at Tutorjoint.

One-on-One Personal Finance Tutoring

One-on-one personal finance tutoring is perfect for students that require personalized help with challenging personal finance concepts. Whether you’re struggling with retirement planning or need assistance with curbing your spending, you can rely on us. Our expert tutors will work with you to improve your understanding of these concepts. They’ll also find related worksheets and exercises to help you cement your concepts.

Group Lessons

Some students prefer studying with peers because social interaction helps them. If that’s the case for you, our personal finance group lessons are perfect. Group lessons are also an excellent option for multiple friends looking to split tutoring costs between them. In addition, our group lessons will empower your social group, enabling them to take their destiny into their own hands.

Homework Help

Nobody likes homework. It doesn’t matter whether you’re a kindergartner or a post-graduate student: homework never becomes fun. Most concepts seem straightforward in class as the teacher walks you through them. However, they become increasingly challenging when you’re sitting at home trying to do them yourself.

Fortunately for personal finance students, our tutors can help you with your homework, ensuring you understand the concepts that elude you. Registering for a few sessions with our tutors can get you up to speed with your peers and prevent you from handing in late homework. It’ll also positively impact your grades and your teacher’s perception of your performance.

Personal Finance Exam Assistance

Are you taking a personal finance exam soon? Perhaps, you’re studying to become a financial advisor to help individuals and organizations achieve their financial goals? Our expert tutors will help you prepare for your personal finance exam. They’ll ensure you’re ready to ace your exam with flying colors.

Are You a Personal Finance Expert?

Tutorjoint is committed to improving our platform every day for new learners. However, improving an online learning platform is impossible without having the best personal finance tutors. As a result, we’re always searching for new personal finance experts to sign up as tutors on our online tutor platform. If you would like to teach personal finance concepts online, consider becoming a tutor on Tutorjoint. We have numerous tutoring jobs available. Contact us today to get started.

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