%0 Journal Article %T CHALLENGES OF BUILDING A PERSONAL BUDGET %A Phd (c). Romina RADONSHIQI %J specialty journal of accounting and economics %@ 2412-7418 %D 2016 %V 2 %N 1 %P 60-66 %X Personal finances can be considered as a blessing because they force people to think about their personal decisions are also an obvious way to make money management, which has limitations and complications. However, it should be mentioned that the idea of a job for life in modern times has no place. Many people have started to work in more than one job in order to secure the necessary income family. They do not do so by desire but by necessity. This due to instability at the workplace and ways to get over this instability is through the accumulation of wealth. Few people can have really a perfect experience when it comes to personal finances, because mistakes are common and strategies are lacking due to lack of sufficient knowledge about personal finances. It is strange that people walk in the same traps that their ancestors have experienced as not having learned anything. The most essential principle will determine the personal finances of people is their ability to control income and expenses. Personal management finance is one of those areas that require concentration and discipline to overcome the difficulties. Jel code: I31, D14, I20 %U https://sciarena.com/article/challenges-of-building-a-personal-budget