Managing your finances can be a rather stressing task because there are so many influencing factors. Your income or lack of it. Your savings or lack of it. Your spending or excess of it. But most importantly what you want and how much control you have in place with respect to spending your money determines your financial success.
Some people seem to have a knack at being good in managing their finances, but there are some of us who struggle a little (or a lot). More than one-third of American population is in debt. So, we do struggle. A lot!
Other than learning tips and tricks from finance gurus, you sometimes learn through your own mistakes. Making financial mistake is no doubt a mistake that comes with a hefty price, pun intended, but it will definitely be a lesson too valuable for you to forget.