Do’s and Don’ts in money management
| Do’s | Don’ts |
| Create a monthly budget but avoid being too restrictive so you can stick to it. | Overspending on clothes, eating out etc. |
| Track your expenses and at the end of each month calculate them again. Put a limit to regular expenses so that you do not go out of control. | Avoid increasing any debt. |
| Do make sure you have an emergency fund. | Not knowing where your money is going. |
| Establish a sustainable lifestyle, spend on necessities and what is important, or on something that is a short/long term investment (i.e. an online course that can unlock a better job position). | Don’t give up budgeting if you overspend. |
| Start with a minimal approach and while your economic situation is improving, use some of the amounts for your personal reward. |
| Before making a big purchase, research to look for a better price or a discount. |
