Managing Finances Better in 2023

There is nothing that affects almost all of us daily like managing personal finances. Ironically it is hardly covered in school at any grade level and rarely spoken about by parents to their kids. Most of us entered into the world with change in our pocket and very little else to go on. Managing personal finances is truly an on-the-job training situation.

Like any change you’re wanting to make in your life, there is a learning curve, you are trying a new approach to manage an important area of your life. Be gentle and kind with yourself. If you think the way to approach it is to just make more money, know that people at every income level go bankrupt all the time. There is no income that cannot be outspent.

There are many ways to manage your finances better in 2023. Here are a few suggestions:

1. Create a budget: The first step to managing your finances is to understand where your money is going. Create a budget that tracks your income and expenses and stick to it.
2. Save money: It’s important to save money for emergencies and for your long-term financial goals. Set aside a portion of your income each month for savings.
3. Pay off debt: If you have high-interest debt, such as credit card debt, it’s important to pay it off as soon as possible. Consider consolidating your debt or transferring it…