Step 1: Know your budget

Just like a plan for a personal training session, your money needs the same attention and effort. To see your goal clearly, you need to understand the amount of money you have and all your expenses. Knowing where each and every cent goes makes you confident that nothing will be spent in vain.

Plan your budget at the beginning of every month. Set priorities, divide the funds accordingly. Not only will it help you save up, but allows you to avoid debt. 

Track your expenses - get an app for it or write it down old-school style. 

Step 2: Get out of debt

Debt is what everyone inevitably gets into at one point of life - be it credit card bills, student loans, mortgage. The worst thing about it is that you pay back in interest - and inevitably lose money. Imagine what you could have done with all those funds!

So, it’s better to focus on paying your debt off. Start with smaller ones and get to the bigger ones - this way you will be able to clear it up more efficiently.

Step 3: Save and invest

Once you got rid of your debt, you obtain a certain amount of money you are not used to spending. Sure, it would be great to spend it on something new and fun, but we want to make them last.

First thing first, you need to create a six-month emergency fund - it’s your safety net to make sure you can get by even if some emergency happens. 

After that, make sure you invest - that’s when the magic happens, and the funds multiply. 

As you invest, make sure to keep your portfolio diverse. That’s where the trading comes in handy. Long-term investments are the thing you are looking for - stocks and bonds, foreign exchange, even crypto. Set your goal, manage your risks, and follow your plans.

It’s easy to give in and spend money - well, we only live ones! - but it’s so much better to save and make sure you will have everything you need in the future. 

Play smart!