Question

What are some actions that you can take to better manage your daily spending? How does daily spending contribute to successful money management or not-so-successful money management?

Answer 1

To manage your money better, you can spend your money wisely. If you spend your money on smart things, your money managemnet skills will improve.

Answer 2

You can spend money on things you need first instead of the things you want. Most people spend their pay on things that they want rather than getting something they need this leads to financial problems. Another way is to put at least $20 in the bank every paycheck. This way if something bad happens and you need to pay for it then you have the extra money in your bank. Daily spending can be a bad thing because you are constantly spending and never saving money, and life is full of surprises so you need to save money as well for preparation. 

Hope this helped. Have a great day!