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PERSONAL FINANCES

You have information that can revolutionize your life. You have the choice to read it or dwell on this introduction if you are afraid of big changes. But in an ever-changing world, you will agree with me that everything that does not want to change or adapt can disappear! Yes, the law of the jungle is more than relevant, and ignoring its consequences, especially financially, harms more than one, especially since we are still in a world dominated by capitalism. The most tangible illustration is the financial crisis that began in the United States in 2007 and was named by the newspaper as the “worst crisis since the Great Depression” in financial history. Despite all the efforts of our governments, the individual situation of economic agents is far from rosy. As commentator David said: “There is a lot of talk about global financial problems, but we have nothing to offer to solve them. Fortunately, there is one end result: “Better management of your personal finances. This book came out just at the right time to show you some ways out of the rut. The focus is on one of the most effective ways to get rid of suffering, debt and trouble. He deals with a personal budget, which is an important tool today and will be even more tomorrow if we turn to not very bright financial prospects at the global level. Finance management. This is not a purely technical work for professionals in the field of finance and accounting, but rather a guide for all economic agents, from the poorest to the richest, most educated, and at least educated. Writing a personal budget for us is actually a way to promote the economic development of our countries by placing an economic agent in the center and controlling its financial fate. Our fulfillment will no longer depend solely on our governments, but will depend on ourselves. This book is written in a style that allows everyone to understand its content. The feedback received as a result of various seminars or trainings that we were able to revive on this issue gives us some confidence that the introduction of this content in your life can have a positive impact. Read on! In a world prone to recurring financial and economic crises, economic agents, regardless of their sector of activity or country of residence, continue to see that their financial resources are declining. This reduction in resources, combined with the phenomenon of dear life, which does not call its name, a phenomenon reflected, in particular, by high prices for necessities, complicates the lives of many people and homes. It is becoming increasingly difficult to make ends meet. As Pierre Duck says: “The beautiful era has come. A time when the least costs a lot of money and when a lot of money does not cost a lot. According to a survey conducted in 2009, from a sample of 100-200 French families, more than a quarter of families believe that they do not have sufficient resources to cover current expenses. In addition, almost half (49%) of families believe that their economic situation has worsened over the past five years. The forecast for the future shows that the situation is unlikely to improve in the next 2

or 3 decades.

The same survey, conducted in 20132 four years later, shows that 61% of families believe that they do not have the resources necessary to cover current expenses (+ 17% compared to 2009), and 76% believe that their situation worsened. over the past 5 years (+ 20% by 2009). The “rest for life” of families is declining from year to year. Part-time jobs, such as housing, transportation, healthcare, food, often account for between 80 and 90% of the family budget and leave no flexibility in case of unforeseen circumstances. Expenses that were considered optional yesterday, such as access to the Internet or a mobile phone, are now needed when looking for a job or just for

communication.

Finance management. The only expenses that can be affected are clothing, leisure, living equipment … and, to some extent, food (limiting expenses to necessities of life). In South Africa, about three million consumers are in arrears for more than 3 months.

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