Contrary to popular belief there’s a massive difference between being savvy with your money and just being cheap. Being savvy entails thought, planning, and knowing what to purchase and at what time to purchase it. There is a greater reason for one being financially savvy – to stay debt free, become debt free, or even just to know how to get the best price for a product. Being cheap is normally a combination of unhealthy learned behaviours about money, and the irrational fear of being without.
The world of personal finance can be a pretty complicated affair, which is why it’s important to keep it simple. It can be especially difficult to get started on the journey of being savvy about your finances. Not knowing where to begin and what changes to make to begin your journey to healthy personal finance is a reason for many people feeling quite stuck in the position they are in.