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The Importance Of Personal Finance, Starting Early or Later In Life

Southfield (CW50) - A healthy understanding of personal finance is seen as one of the most important parts of adulthood. What should you know and is it ever too late to start learning?

Jackie and Nicole
Community Connect Host Jackie Paige, with Nicole Narkus, Financial Advisor at Edward Jones

Nicole Narkus, Financial Advisor for Edward Jones, joins Jackie Paige on Community Connect to break down the different areas of personal finance, where people struggle, and how they can get better at balancing their financial future.

She discusses the fact that people forget to start planning when they're young, especially taking advantage of their employer's benefits such as life insurance or disability, as well as retirement plans. She also goes into the idea of savings, where one area people forget to save money for is emergencies. Narkus also shares the fact that people should plan and save for fun and vacations, as they are an important part to maintaining a healthy life.

Another important topic when it comes to personal finances is credit. Narkus explains what a good credit score is, how to build credit, and the importance of using credit.

Viewers should not act upon this content or information without first seeking appropriate advice from an accountant, financial planner, lawyer or other professional.

Watch COMMUNITY CONNECT, Saturday at 7am on CW50

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