How to combat poor money management

Augusta

VIP Contributor
One thing that increases debt is poor money management. The right thing to always do is to get on top of debts before they get on top of you. you need to work things out before you are confronted with poor money management. So how can you combat this.

Start with looking at your bank statements and create a spending diary to know what you are spending money on, this will let you know how your income
taking care of these expenses

Now, If you you know that you are overstretching your income then cut down on spending

Then, you can adopt the savings culture you need to save some money as much as you can.
 
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