Here's how to get started:
Analyze your income and spending - begin by calculating your overall income, which includes any salaries, stock dividends, and gifts. Then consider where all of those banknotes are going.
Establish expenditure guidelines - after being caged up for the previous two years, you may be tempted to go on a purchasing frenzy now. Consider what you actually want to spend your money on – and then create a budget around it.
Examine your debts - if you don't pay off your credit card in full each month, you may not get a clear picture of your monthly expenditures. You'll also accrue interest costs.
Meet and discuss - don't try to spring-clean your money on your own, have conversations with friends and family instead.
Don't ignore the importance of saving - the epidemic underscored the need of having emergency funds. Start putting money aside to build up your financial reserves.
While it may not sound interesting, keeping your financial life in order will not only help you weather short-term storms but will also set you up for long-term financial success.
