No one knows your financial situation better than you. A little knowledge about the nuances of personal finance goes a long way. A financially sound mind is better equipped to deal with day-to-day struggles, lead healthy lives, and prepare for a better future. It takes away your singular money-mindedness and opens you up to newer and more significant life experiences. Picking up personal finance skills early in life contributes to an independent mindset and hones decision-making capabilities too.