25 Money Management Tips for Young People
17. Spend Less than You Make
Although it seems like a “common sense” money management tip, a proven technique for workers of all ages is to focus on spending less money than one makes every month. Many times when a young person starts to get in financial trouble, he or she is simply not living by this central tenant when dealing with their finances. One of the best ways to make sure that this tip is followed is through execution of a formal budget which will help lead to financial stability for the individual.
