Product Management Concepts for Better Personal Finance
These 9 simple tips can make a huge difference in money management
The role of a product manager is, generally, to manage the development of a product and then maximize the revenue and profit margins that product generates for the company.
As a product manager, I tend to approach a lot of things in life the same way I would managing a product. Things like maintaining a calendar, tracking my stats on hikes and backpacking trips, and even the articles I post every week—all governed by methodical organization and efficiency (at least in theory).
So it’s no surprise that, over time, I’ve implemented some tricks of the trade to better manage my personal finances. After years of managing products, my head’s geared this way, but you don’t have to be a product manager to apply these concepts to your own personal finances.
These concepts and practices, used in my profession, can make personal finance a more streamlined and successful endeavor.
1. Understanding the User
The first and most important step in both product management and personal finance is understanding the user.
