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I'm 18 years old; last year I finished high school. I attended a school oriented in accounting, and even though I didn't care much about it at the time, now I realize how important is to know how to manage money in my everyday life.

So my question is: What are the main concepts I must know to have a solid understanding about personal accounting? I'm looking for some sort of study plan.

Although I learned a lot in high school, there are things I didn't pay much attention to and I don't remember now. Also, I want to make sure there aren't any topics that I may have missed at school.

Thanks in advance for all your responses and suggestions!!

closed as off-topic by Hart CO, mhoran_psprep, Chris W. Rea, Brythan, TTT Aug 6 '17 at 2:29

This question appears to be off-topic. The users who voted to close gave this specific reason:

  • "Questions about accounting are off-topic unless they relate directly to personal finance or investing from an individual's perspective." – Hart CO, Chris W. Rea, Brythan
If this question can be reworded to fit the rules in the help center, please edit the question.

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    Just FYI, there was a 3-2 vote split for the reason this question was put on hold. The majority was "off-topic", but the minority, which I feel is the far better reason, was "too broad". I feel this question would be on topic, but unfortunately the best answer is pretty much something akin to: "Pick any topic you want to learn about and read the questions and answers about it on this site." – TTT Aug 6 '17 at 2:36
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    Paula, please don't be discouraged by the fact that this question was put on hold. That you asked this at your age is very promising! My suggestion to you is to start browsing the site and learning what you can, and when more specific questions come up, feel free to fire away. Good luck! – TTT Aug 6 '17 at 2:45
  • @TTT It's true the question is solely about accounting, i didn't realized it could be off topic. And yes, it could be a broad question but i was just asking for a list of topics, not an explanation of each one. Anyway, thanks for you comments, i'll keep searching elsewere ;) – Paula Daniela Aug 6 '17 at 18:38
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This may seem overly simple, but the most important thing to know is "live beneath your means".

If your income is, for example, $2000 per month, spending $2001 or more per month is a sure path to ruin. Spending $1999 or less is the secret to success.

Everything else on this forum is mere commentary on the above.

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