We all want to live our best life, but sometimes that can be difficult when money ain’t right and it’s super tight! Sometimes getting the most out of your money simply means managing it in a more effective and frugal way. Below are 15 financial tips for managing your money this year all while still living your best life!

  • Create a debt payoff plan
  • Open a new savings account
  • Open a new checking account to effectively manage your money
  • Set up an automatic bill pay plan for all of your major bills
  • Cut back on shopping, eating out, and all other non-essentials for an entire month
  • Find ways to diversify your income (side hustle, creating a blog, creating an ecommerce store, etc.)
  • Create an emergency fund
  • Allocate your income towards your priorities first
  • Create specific financial goals to meet each day, week, and month
  • Eliminate all forms of frivolous money spending
  • Track your net worth
  • Buy used items or cheaper items when it’s the smarter choice to do
  • Embrace and appreciation your small gains
  • Incorporate personal finance apps into your money management routine
  • Understand the difference between your “wants” and “needs”

Money management obviously doesn’t take place overnight, but you can take the necessary steps with the incorporation of these tips to save money and live your best life at the same time!

“Wealth consists not in having great possessions, but in having few wants.”

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