Track your income and expenses to understand where your money goes. Use apps, spreadsheets, or budgeting templates to make it easier
Set an achievable savings goal, whether for a specific reason (dream vacation) or general emergency fund. Automate transfers to build the habit.
Try a "no-spend" week or month to break unnecessary spending habits and save towards your goals.
Prioritize paying off high-interest debt, considering methods like the snowball or avalanche approach.
Pay bills on time, reduce credit card balances, and avoid unnecessary applications to improve your credit rating.
Check your loan repayments and see if you can refinance to lower interest rates and save money.
Even small amounts invested early can grow significantly over time. Explore low-risk options like mutual funds or index funds
If eligible, try to contribute the maximum amount to your retirement accounts to benefit from tax benefits and compound interest.
Review your life, health, and property insurance coverage to ensure they meet your needs and are cost-effective.