The "Prime Directive of Personal Finance" Covers Most Financial Advice At Once

The specifics of handling your finances can be complex, though a elementary beliefs of good financial health are simple. Above all else, put your destiny income towards saving rather than spending.


Personal financial site Wallet Hacks calls this a “prime gauge of personal finance,” since you can learn a lot from Star Trek. In some-more prolix terms, a site explains a primary gauge like this:

Avoid committing destiny supports to spending obligations; dedicate them to saving obligations.

This elementary element governs a ton of financial recommendation in one boilerplate guideline. Credit cards, for example, force we to put your destiny paychecks towards spending you’ve already done. Contributing to your 401(k) puts your destiny paychecks towards savings. The some-more we can hang to this guideline, a improved off your financial life is.


Of course, as with Star Trek, a primary gauge can be bent. Buying a house, for example, commits a lot of your destiny income towards shopping something rather than pier income into a assets account, though we also get something inestimable for it. If we save your exceptions to a primary gauge for a things that unequivocally matter, you’ll still come out ahead.

The Prime Directive of Personal Finance | Wallet Hacks around Rockstar Finance

Photo by 401(k) Calculator.

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