Have a record of monthly expenditure
Many people do not know how much they spend each month on food, clothing, housing, or entertainment. Add up your total expenditures at the end of the month so that you can know how you are spending your income.

Have a monthly budget you can follow
Having determined your monthly expenses, have a realistic budget that you can follow. Track how well you follow it each month; this means you have to continue to track your monthly expenses. Having a budget helps you to keep yourself in check and not engage in a spending spree.

Be sure to budget for savings
You should save a portion of your monthly income; this could be between 10%-15%. Your savings can later be turned into investments, projects like getting a higher education, buying a home, etc. Savings could also be a Rainy Day Fund, which is important when unforeseen expenses or emergencies arise. If you find or earn extra income apart from the regular one, be sure to save it too and not spend it all up...Read More at https://www.virtuedigest.com/8-tips-for-managing-your-finances/