01- keep track of your  spending   You probably heard this a million times yet you are going to hear it today as well, simply because it works and because you are not doing it. Basically, it should always be a priority. Make sure that every single penny you spend is clearly accounted for. The basic goal of expense tracking is to find and get rid of inefficient spending patterns in your financial life.  Additionally, maintaining control over your finance and encouraging better financial practices like saving and investing will come from continuously keeping track of your costs. Basically, in words of Peter Drucker " if you cant measure it, you cant manage it ".  So what you should do to get in control of your spending habits is to analyse your categories of spending to determine which are the most crucial. Perhaps you might even find out that you have been paying for a subscription that you are not using. Most people consider that cutting back on these " non-essential...

How to Track Your Spending for Better Financial Control  Tom Ferry, the creator of the money management system, says: "People fall into three categories when it comes to money." The first category: represents 80% of people, and they are those with limited or modest income. These people live either at or below the poverty line, so they are considered lucky if their monthly salary is enough to cover their basic needs only. They cannot save or invest, and they cannot enjoy the luxury of life they desire even for a moment. The second category: represents 15% of people and is called the rich (not the wealthy). These people enjoy a comfortable standard of living, as they can save, invest, and enjoy some luxuries such as travel, buying cars, and luxuries. But they are not like the rich, as their wealth is often not passed on to subsequent generations with the same strength as the wealth of the wealthy. The third category: represents only 5% , and they are the wealthy who have h...