Personal finances are personal. No two situations are the same and the best way to take control of your money and life differs for each unique individual. However, there are some personal finance tips that can help many of those looking to improve their financial standing.

Unfortunately, personal finances are still a sore spot for many.

There are dozens of alarming stats about the “average” individual’s current financial situation. Here are 3:

• Out of every 10 Americans, 6 don't have $500 in savings.
• 49% of Americans are concerned, anxious or fearful about their current financial well-being.
• The average American household has approx. $8,161 in revolving debt.

The personal finance tips below aren’t going to single-handedly save anyone from a dire situation. But a small shift in spending habits or a mindset adjustment could generate major savings and earning potential. The right book or podcast might change your financial journey forever.

Compounding small financial wins can have an amazing return with limitless ROI across a lifetime.

For even more personal finance tips, checkout:

• 30+ of the Best Personal Finance Podcasts - Money, Investing & Financial Shows
• 15 Smart Money Moves You Can (Easily) Make This Month