1.) Awareness- know that you don’t know
2.) Decide- To save or not to save
3.) Commit- having the discipline to continue
4.) Follow Through- coming back from short comings.
These build internal structure to start becoming financially literate.
-EJ Bastes, Davao Financial Coach
6. Now set your budget.
Begin making the fundamental cuts in your fixed and variable costs. Choose what you need to spare each week or at regular intervals. The extra cash is the amount you need to live on.
5. Factor in savings.
A key piece of planning is that you ought always to pay yourself first. That is, you should take a portion of each check& place it into savings. This is one practice, if you are able to make it a habit, will pay debts for an amazing duration.