Like many of you, I have experienced difficulties in managing my finances in the past. Without proper knowledge and skills, this could lead to rash spending, debt and stress. However, realizing the importance of financial literacy, I decided to invest in my education and began to study the field of finance.

First of all, one of the key points is budgeting. A budget allows you to control your income and expenses. I started by writing down all my income and expenses for a month. This allowed me to better understand where my money goes and where I can save. I then developed a realistic budget that included basic needs, savings, and entertainment.

The second important aspect is the ability to plan and set financial goals. I have set my long and short term goals, such as buying a home, building a financial reserve, and traveling. Setting clear goals helps me navigate and make informed financial decisions.

The third piece of advice I can give is to develop investment skills. I realized that passive income could be the key to financial independence. Therefore, I studied various investment vehicles such as stocks, bonds, and investment funds. Well-planned and varied investments can help raise capital and ensure future financial stability.