More than half of the people falter at managing finances. Rather then don’t even try to manage their finances. yet, finance is perhaps the most important part of our personal life. Sometime an entire family depends on your income. You need to provide for your children and elderly. It’s important that you provide for every one while keeping an eye and a portion of your income for your retired life.
If your finances are in jeopardy, that means you are in debt and you have no saving to start with. This is precisely the moment you start taking charge of your finances. You start prioritizing your needs and learn to separate out needs and wants. This is exactly when you start saving money and spend only on necessities.
The below post from Steve Repak talks about 4 steps to jump start your financial engine, after it was broken down midway. Enjoy the post.