1. Create your budget. Use either software such as Quicken or Sage, programs like Microsoft Excel, or personal finance apps and websites like mint.com, to keep track of your income and expenses.
2. Accurately manage your income. Be mindful of over estimating future earnings.
3. Plan ahead! Make sure to dedicate some of your future income to pay for things such as a trips, events, gifts, even taxes.
4. Shy away from debit card use, instead take out cash or switch your routine debit card spending to reward based credit cards such as Citigroup, Capital One, Bank of America or even American Express. As you spend you receive cash back! Make sure to set aside a monthly amount to pay these cards in full so you do not incur interest charges.
5. Stick to the plan. We all fall of the wagon at times, but try your best to stick with your financial plan. Just remember, if it's not in your budget, don't touch it!
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