What are the goals of personal finance?

Financial education is a vital component for you to have stability in the present and build a better future, keeping your household finances healthy over time.

No matter what time you are in; the sooner your personal finances are healthy, the sooner you can enjoy reaching your financial and personal goals.

Having healthy personal finances does not depend on the amount of your income. You can be a middle or high income earner and still be on a quest to improve your financial habits.

In the case of personal finance, there are a series of goals that are established in the short, medium and long term:

Financial independence or freedom: a well-managed personal finance plan, which includes making investments in different instruments, will take you to the point of financial independence.

Stability in the face of unforeseen events: having solid personal finances gives you enough stability so that your standard of living is not affected when some event hits the economy, whether it is an unexpected personal situation or economic problems in the country where you live.

Investment: through investments you can make your money generate returns and thus prevent inflation from eating up your savings.

Retirement: if you manage your money wisely, you will have an extra income when you retire from the labor field and you will be able to maintain your lifestyle.