Steps to Successful Money Management

How you spend your money today determines what you have six months from now, a year from now, five years from now, or in your lifetime. You control your financial destiny. You are responsible for how much money you earn and how much money you spend. Successful money management requires careful planning. It also requires self-discipline and the ability to say no to unnecessary spending. The ability to manage money has to be learned, developed, and practiced
daily. This publication discusses six steps to help you
become a successful money manager:

1.Determine your goals;
2. Calculate your living expenses;
3. Estimate your income;
4. Balance your income with your expenses;
5. Develop a spending plan; and
6. Adjust your plan to changes.