We all need to do it but very few of us actually do. In this post, I have outlined some things that I wish someone told me when I first started to manage my money. It has different sections, and each one builds upon the previous one. Let’s begin.

1.    Net Income
You start each month with a Net Income, this can be a scholarship, a job, or an allowance from your parents. Your income is then distributed into things that satisfy your needs. You must know how much your income is and take precautions to not exceed it.