Scroll through social media and you’ll find financial advice delivered with certainty, but the problem lies in the lack of personalization. Financial decisions are not one-size-fits-all, as they depend on individual preferences and values. Utility varies among individuals, with different people deriving varying satisfaction from the same amount of money. Every financial decision has an opportunity cost, including saving, and the discomfort of market volatility can impact investment decisions. Even highly profitable corporations use debt to fund growth. Personal finance should align with individual goals, values, and constraints, recognizing the value of living in the present while preparing for the future.

Read more at Investing.com: A Financial Plan That Looks Perfect Online Can Fail in Real Life