Wise money management is a skill – and a skill that anybody can learn! And it is never too late to start paying attention to your financial health and working to make it better.

The following are 3 essential financial tips to follow.

  1. Live By Your Budget

Sticking to your budget is a pinnacle of wise personal money management. When you adhere to your budget you are in control of your finances. Your bills will get paid and your financial goals will get met. Also, budgeting gives you a clear picture of your expenses. This empowers you to make wise spending decisions.

Keeping a close watch on your income minus expenses is critical to maintaining financial health, and building financial wealth.

  1. Establish an Emergency Fund

Emergency funds are an essential part of financial health. A major car repair, a trip to the emergency room, or last-minute travel expenses to attend a memorial service can cost hundreds, even thousands of dollars. Without emergency savings to cushion for such expenses, you could rack up debt that takes you months or years to pay off.

The financial best practice is to have at least 3 to 6-months of living expenses in emergency savings. But you know your situation the best. If you have an unstable income you may decide you need more emergency savings. If you’re focused on paying off debt, perhaps less is fine while you focus on getting out of debt.

  1. Prioritize Your Values

Where your money goes should reflect the things you want and your values. It is important to know what you want, as well as what you want the most. Say for example you want to save up for a new car and you want to take a 3-day weekend golf trip. Which one do you want more? Where your money goes should reflect which one is more important to you.

Take Action Now

These 3 tips are essential ideas to get you started on the path to wise money management. We encourage you to continue to learn and educate yourself about financial management and building wealth. Take action and implement what you learn. Your future self will be financially secure and will thank you.

We hope you found these essential financial tips helpful as you begin your journey to becoming a wise money manager!


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The Law Office of Barbara B. Braziel helps people get out of debt. We offer free consultations to people of Savannah, GA and the surrounding areas, including Richmond Hill, Hinesville, Pooler, Port Wentworth, Tybee Island, Clyo, Ellabel, Midway, Ludowici, Springfield, Pembroke, Brooklet, and Garden City.

We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.

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