25 Money Management Tips for Young People
25. Pay Cash for Groceries
Although automating bills is generally a good thing, one of the common mistakes of young people when it comes to money management is neglecting to keep track of the balance in their checking account. This just gets compounded when shopping for groceries every week. By budgeting a set amount of money to withdraw in cash, it is easier for a young person to avoid overspending on the grocery budget. This will allow one to better stick to the allocated funds for the month for eating, and if there is money left over it can be saved or used for additional disposable income.
