Most financial mismanagement comes from being impatient and the need for instant gratification. The sooner you learn the art of discipline the sooner you will be able to get your finances together. Instead of using credit cards for everyday purchases, learn to save and budget for the things you need and only use credit cards for emergencies. The money you will save on interest alone will be well worth the wait. 2 . Make Your Own Financial Decisions
It is imperative that you learn how to manage your own money. Relying too much on others (Especially your parents) will cause you financial harm for sure. You know the saying …Give a man a fish and he’ ll eat for a day but teach a man
how to fish and he’ ll eat forever… That’ s what you want to do… Eat forever!
Once you start making your own financial decisions and have equipped yourself with some personal finance knowledge via your new book collection you’ ll start to realize the importance of budgeting, the difference between a need and a want, and small ways to cut back your consumption to make sure you are saving more and meeting your financial obligations. Before you can stop the money leaks you must first figure out where they are. Begin by writing down where you spend your money daily. Doing this will open your eyes to where most of your money is going. Doing this will give you clear direction of where you are and where you are going.