But if you don't intend to be an entrepreneur, no problem! Still, personal financial education is an important topic. Some schools even teach financial education to children as a way to form more money-conscious citizens.

However, if you didn't learn some practices when you were younger, we are here to change your relationship with your money. We have important tips that will, in fact, help you save and invest safely!

What is personal financial education?

Financial education, or financial literacy, consists of practices that aim to explain and develop in people skills to earn and manage money.

Through effective financial and budget management, many people learn to invest and multiply their earnings.

But financial education goes beyond teaching money appreciation techniques: it helps people to have a healthier relationship with it throughout their lives.

Therefore, the sooner you start applying the rules of financial education, the more chances of success with money you will have.

Strategies to improve your money management skills

Developing financial education to improve your personal finances is not a seven-headed beast. However, it is necessary to maintain focus, organization and persistence.

Without this, certainly many people get lost along the way and start making mistakes that lead to personal bankruptcy.

So, if you want to develop skills related to budgeting, managing and paying off debt, check out the practical strategies you should consider:

Create a control of earnings and expenses

Track your monthly receipts against how much you spend in an Excel spread sheet. In addition, you can also use free financial management software that has intuitive and practical tools.

So your budget should include:

• Income (wages, investments, alimony);

• Fixed expenses (rent/financing, services, electricity, water, health plan, etc);

• Variable and non-essential expenses: travel, shopping and anything that is not recurring.

Pay the bills before spending or investing

Check your monthly bills, making sure you pay them on time. Thus, you prevent payment delays, as this generates fines and interest.

And, consequently, the bill becomes more expensive, generating more expenses and less savings for your pocket.

Use your budget to stay on top of debt. For this, the tip is to create a debt reduction plan such as: pay the loan with the highest interest rate first.

But if your debt is high and protracted, contact creditors to renegotiate the payment.

Invest your money in secure applications

Currently, there are numerous ways to create passive income with diversified investments in stocks, fixed income, direct treasury, commodities and even crypto currencies.

But if you don't know which option is best for your budget, seek the advice of a financial expert. Consultant José Rubens, from John Labunski, for example, is able to help you develop strategies to reach your financial objective.