Understanding Your Current Financial Situation

Before you can start mastering your money, you need to know where you stand. This means honestly assessing your income and expenses. Track everything – your salary, any side hustles, and all your spending, from groceries to entertainment. There are plenty of budgeting apps available to help, or you can use a simple spreadsheet. The key is consistency; track your spending for at least a month to get a clear picture of your financial habits. Once you have a solid understanding of your cash flow, you can start to identify areas where you can save.