Most schools teach calculus but not compound interest. You can analyze Shakespeare but not a credit card statement. This chapter fills that gap.
A budget is a plan for your money.
Income minus expenses. Every dollar needs a job.
Debt is borrowing from your future self.
Credit cards charge 20% or more. A $500 purchase becomes $800.
Savings is freedom.
Even $20 a month creates options. An emergency fund means you are never trapped in a bad job or bad relationship because you cannot afford to leave.
Financial abuse is one of the least recognized forms of control. Abusers often take paychecks, prevent employment, destroy credit. Financial literacy is protective.