Create an emergency fund that covers 3-6 months of living expenses. Keep this money in an easily accessible savings account for unexpected situations.
Follow the 50/30/20 rule: 50% for needs, 30% for wants, and 20% for savings and debt repayment. Track your expenses regularly to stay within these limits.
Prioritize paying off high-interest debt first. Consider consolidating multiple debts into a single loan with a lower interest rate for easier management.
Start investing early and regularly. Diversify your portfolio across different asset classes to minimize risk and maximize potential returns.