There have been plenty of articles out there the last few days about how President Obama will impact your finances.  From cutting taxes to creating jobs, people want to know how Obama will help, or hurt, their financial situation the next four years.  I have even received two different questions from readers asking how I think the change in Presidents will effect our personal finances.

My answer?  Very little, if any.

First let me say that this is not a political blog.  You will never hear me support or cut down any political party on this site.  So if you are looking for a place that will tell you how good or bad Obama will be as president, this isn’t it.

But even more important than that, I don’t believe the President has much of an effect on your personal financial situation.  Regardless of the tax rate or the economy, the equation for financial independence remains the same, spend less than you earn.

My advice for adjusting to the new Oval Office?  Continue paying off debt.  Continue building an adequate emergency fund.  Continue saving for retirement.  Continue looking for ways to cut your expenses.  Continue making smart financial decisions.

There have been 43 different Presidents before Obama, and not one of them have managed to change the principals of financial prosperity.  The 44th President will be no different.

The President of the United States has plenty of responsibilities, managing your finances is not among them.  You will ultimately determine your financial fate.  Regardless of your feelings on President Obama, choose to make the next four years the best of your life financially.

Please continue sending any personal finance related questions, suggestions and tips to centsabilitytowealth@gmail.com.