Everyone needs to deal with money but very few people do so without the occasional question, concern or doubt. Money matters change over the course of your financial life, but there are some basic tenets about money that apply to the vast majority of people, regardless of income, age or lifestyle.
Always Save Something - Saving money is important for several reasons, and no matter how much you make or what your expenses are, you should find a way to set at least some money aside on a regular basis. Saving allows you to earn interest on your money. The earlier and more aggressively you save, the more you'll earn. Saving money also allows you to make purchases without taking out loans, saving you money when you use cash instead of a credit card or make a large down payment on a home or car.
Prioritize - Setting priorities will help you make consistent decisions regarding saving, spending and investing without working against yourself. To prioritize spending, draw up a budget that differentiates between needs and wants. This way, you'll know where to make cuts if your income drops or are faced with an emergency cost. If saving for education or retirement is a pressing issue, use this to direct your savings into a special account that you don't use for other purposes.
Set Goals - Goals help you track your use of money and provide motivation. Savings goals give you a reason to set money aside and let you know when you're overspending if you fail to meet them. Another goal might be to pay off a credit card by a certain date. Other financial goals involve specific purchases that will alter your financial situation, such as owning a home. Your goals should be realistic but still take some effort to achieve. If you fail to reach a goal, examine your financial history to determine why and make adjustments going forward.
Involve Others - Involving others in your financial decisions gives you a second opinion and exposes you to other ideas or viewpoints. If you're married, you should make certain financial decisions together. Other sources of opinions include colleagues at work who may be in similar financial circumstances, and financial advisers who can educate you about your options and share their expertise to help you achieve your financial goals.