I learned important money management lessons late, but you should know how to have financial…


1. Budget and track your expenses.

Keep a simple notebook to budget and track your expenses, making you aware of your unnecessary expenses. Spend less than you earn

2. Before buying, wait some time.

We often buy unnecessary things, but they are not as helpful as we thought and regret our buying. So my suggestion is before buying, ask yourself a question, “Is it essential or can it be avoidable?”

2. Live like a student(Try to be frugal).

Remember your student life. Students live a simple life. They know how to live on a tight budget. Being frugal doesn’t mean skipping your meals to save money.

4. Health should be your top priority before money.

A healthy body & mind accumulate more wealth than an unhealthy one.

4. Limit your debts and do not acquire unnecessary debts.

Try to avoid debt for your luxury. Take calculated debt as leverage for your business, learn new skills, etc. Use your credit card mindfully.

6. Start investing as early as possible and leave it for compounding.

Warren buffet started stock market investing at the age of 14. And has made 99.7% of his money after the age of 52

5. Investment in self has more return than any other asset.

At the beginning of our career, we have a limited amount of money; in this money, we try to invest in the stock market or other assets instead of investing in ourselves. To earn more money, you should invest in learning high-paying skills, eating healthy, and starting a side hustle.

7. Learn high paying skills

Instead of squeezing your spending, you should learn skills like programming, copywriting, content creation, digital marketing, etc.

8. Don’t show off rich be rich.

Billionaires like Warren Buffett and Azim Premji live a simple lifestyle despite being rich.


9. Must have an emergency fund for your rainy day.

You must save at least six months of your income as an emergency fund. We don’t know when a medical emergency or financial emergency will come.so should prepare for that emergency.

10. clarify your need & want

Needs are usually your basic living expenses Rent or mortgage, grocery, medication, etc. Wants are things you choose to buy but could live without, like entertainment, dining out, etc. Wants are not evil; always you should spend to create a memorable experience.