The most important point is you have to recognize your financial position first, then review which part should be revised or improved. It can be concluded that managing personal finance is very simple. There should be a huge effort in your life to earn more income or change your lifestyle. If you don’t respond it quickly, your financial condition will get worse. It means your expenses are bigger than your income. The most critical condition is when your financial position is the minus. Having other activities or side jobs, such as running an online shop, being re-seller, or part timer is the activities that increase your income. These will reduce your expenses and increase your income. Then what shall we do to stop that desire? Keep yourself busy and more productive. When you find out that more money is spent on unnecessary things, you should commit to yourself that next month you have to stop spending money for less necessary things. Check the expenses post to find out whether the expenses are for necessary things or less necessary. Make a simple analysis to your financial record. This condition may cause a problem when unexpected things occur, such as for medical treatment or other incidental needs.

You should start to be more careful when your financial position is even. It would be better if you can improve it. Maintain the surplus for the following months. If your financial position is surplus, separate the money left into saving. Make monthly calculation to find out the total earning and expenses within one month. Evaluate your bookkeeping and expenses every month.First for monthly basic needs, then for saving, the last is for investment. Separate your income into at least 3 posts.Create simple bookkeeping and consistent to record income and expenses.There are some simple steps we can do to manage personal finance: What is the proper investment worth to my current financial condition?.With my current income, how can I get additional income?.However, we are often surprised to review our financial condition by the end of the month. It covers the individual’s financial decisions and activities, such as earning, spending, saving, and investing. Personal finance is the skill of managing money.

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