Starting from scratch, the first thing you’ve got to do is to analyze your family income.
List your income and expenses. This will help you track your spending and make changes.
Record your expenses to track your spending. Many smartphone apps and web resources can help.
Short-term and long-term financial goals should be set. Setting goals will motivate and guide you.
Automate savings and investment transfers. This saves money before spending it.
Make savings a priority. Save some of your income before paying bills or other expenses.
Pay off high-interest debt like credit cards first. Less interest means more savings.
Set up an emergency fund to cover 3-6 months of living expenses. This safety net protects against financial emergencies.