Write it Down
The first step in successful money management is to assess where you are now. This means identifying your current income and monthly expenses. If you don’t have an accurate picture of your current finances, it is hard to change how you use money.
The best way to get this information is to keep track of all expenses for one month. Keep a small notebook in your purse, pocket, or car, or use an app to keep track of the money you spend while away from home. You may be surprised at how much you spend on small purchases like coffee and snacks.