The Economic Perspective: “Is Personal Finance Easier Today?”

I’m Mary Walden, with economist MW, welcoming you to the economic perspective.   Today’s program asks if personal finance is easier today.  Mike earlier in your career you taught personal finance.  In fact, you’ve authored two textbooks on the subject.  Comparing now to then, do you think it’s easier for people to make informed personal financial decisions?

  • Personal finance is one of those subjects that can excite or bore students
  • If does involve tracking numbers, which can be tedious
  • But in many ways that tracking can be done easier due to technology
  • For example, there are programs and apps that will monitor and categorize spending and allow you to pinpoint where you may need to cut back
  • There are apps that will calculate loans payments and show you how those payments may – or may not – fit into your budget
  • And, of course, there are programs and apps that will help you invest – they will even invest automatically for you
  • So, the concepts are still the same, but using those concepts may be easier
  • I’m MW

And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.