No matter what your situation is, your financial success doesn’t happen without work. Careful planning, often with professional guidance, requires looking at a wide range of your finances and how you handle money.
Track your monthly income and expenses. Break your expenses into fixed or non-discretionary and variable or discretionary costs by category on an excel spreadsheet. Think of your budget as your household’s income statement. Your budget will help you to control your spending.
Growing your money in investment accounts is your best path to a comfortable financial life and achieving wealth. Alternatively, spending more than you earn will result in more debt.