Six Awful Truths About Personal Finance

5. You need to stop watching TV.Ask anyone you know whether television influences what they buy and almost all of them will answer "no." This is why advertisers spend billions of dollars and laugh all the way to the bank. If you can't recognize that you are being influenced, then you can't take the steps to stop the influence.

Watching TV can cost you $1 million during your lifetime and you don't even realize it. You need to take steps to learn how to limit the amount of influence advertisers have on you and your family. One effective way to do this is to spend less time in front of the TV by setting a specific number of hours you can watch each week, so that you watch only the shows that you want to watch and you are not sitting there simply because you are being lazy.

By understanding exactly what is important to you and what your financial goals are, you will also limit the impact of advertisers. If you don't, you're at the mercy of the advertisers, which will result in a much lighter wallet.

6. Personal finance is easy. Even though you want to blame your current money situation on the difficulty of personal finances -- whether it's reducing credit card debt, finding money to put away for retirement or even creating a budget to make ends meet -- this excuse won't fly.

You already know what you need to be successful in personal finances. All you need to do to get your personal finances in order is spend less than you make. It's a concept that even a child can comprehend. Unfortunately, knowing and implementing it are two separate issues.

Much like people wanting to lose weight know that that they need to consume less calories than they use, actually doing it is a lot harder than merely realizing it. Yes, implementing the knowledge is more difficult than simply having it and will require some effort on your part, but that's not an excuse to claim that it's too difficult because the reality is that it is not.

While the above information about personal finance may be inconvenient, realizing these six truths and acting on them will go a long way to get your personal finances on the right track.

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