Managing your money is not the same as having money. Managing money means knowing, at any given moment, what is coming in, what is going out, and roughly where you stand. Not to the penny, but close enough that you’re never caught off guard.
Many people pay bills when they arrive, check their balance when they’re worried, and assume everything is more or less fine the rest of the time. That’s not managing your money. That’s just not running out of it.
How many of these can you answer right now, without checking your accounts?
1. What is your monthly take-home pay?
This is the money you actually live on. Many people think strictly in terms of…
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