if you are worried about your finances …here are some things you can do

abundance bank banking banknotes

keep track of the expenses .. where does your money go .. eg rent . credit card , car payments , insurance , groceries , eating out , starbucks coffee , .. use your cell phone’s notepad or an excel file to keep track of the expenses

average it out for 2 months … then multiply this number by 6 .. this is your magic number – the emergency fund

cut your expenses where you can to add to this emergency fund – ideally should be at least 6 months of fixed expenses

for the long term , start investing your money in the fastest instrument – the stock market – you can choose index funds that mimic the stock market index in your country .. if you need help , seek out a financial advisor

for financial freedom and retiring early , you should be investing at least 50 % of your income in the stock market .. this will help you retire early

learn to live on as less as possible – a smaller house , one car instead of two , a smaller car instead of a luxury car .. and so on

another step some people take is :

have an envelope with various names on it .. eg eating out .. coffee .. movies , entertainment and they put a fixed amount in each of them .. this is their budget for that item for that month

as soon as the money gets depleted from coffee envelope , they stop having coffee that month

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