Once you have established those goals, such as buying your first car, crashing in your own apartment and so on, get your savings account going if you haven’t already. You give to causes that make sense, invest in something meaningful, save what you can for things that will last, and make your spending worthwhile. This helps you develop self-control and prioritize necessities. One way to organize your spending, according to financial educator and founder of The Zela Wela Way program, Nancy Phillips, is the Give, Invest, Save, Spend (GISS) method. There are many apps available that can help you manage your money and identify where you’re spending the most money.
Having a budget app helps you with money management when on the go. This allows you to manage your cash flow responsibly. Write down all the sources of income you make, excluding any allowances or money you receive from your parents, then write down your expenses. As with anything in life, having a plan is a great place to start.
