Track your income and expenses to develop a budget. This clarifies your finances.
Set short-term and long-term goals such emergency funds, debt repayment, and retirement investments.
Save three to six months' living expenses in an easily accessible account for financial crises.
Credit card balances can eat up a lot of your money, so pay them off first.
Save and invest some of your income in retirement accounts (401(k) or IRA) and other investments.
Cut unnecessary spending and stick to your budget. Focus on distinguishing wants from needs.
Automate savings and investment account transfers to save money monthly.
Read books, take online classes, or consult financial professionals to make informed decisions.