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7 Ways to Make Yourself Better at Managing Your Money

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What you know about money management often comes from your experience, advice from your friends, parents, and your wife, or a random search on the Internet. These sources of information are sometimes unreliable and can lead to bad money management skills. In this article, we are going to introduce to you 7 tips on how to manage your money and financial situation effectively and intelligently.

1. Changing the way you think about money

Some people often complicate monetary issues and become stressed about making money, alert to ambition, and feel hatred of material elements while highly appreciate spiritual ones. After all, they often avoid talking about money just because they cannot control it. Saying that they want to give up or they are unconcerned is just a way to hide their pressure and fear when they cannot gain what they want.

To bring your financial situation under control, you have to understand your feelings first. Tana Gildea – the author of “The Graduate’s Guide to Money” – tells you to ask yourself how you feel about money and whether you are good at earning, saving, and managing your money. If you do not feel good, you cannot do it well. Don’t be dependent on money or feel guilty when thinking of it. Instead, believe that you can control your budget and be happy with it.

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki

2. Changing the way you talk about money

People often think that talking about money to others is impolite, so they keep it inside and stress themselves out. Unfortunately, it causes frustration and may lead to many other contradictions. Professor Syble Solomon from the Financial Therapy Association claimed that most couples only talked about money when there was a crisis. Talking about money is challenging but it is a must. Financial clarity is a good way to manage personal finances and create good relationships.

3. Changing the way you spend your money

To live well, try to spend a little below your ability and change your lifestyle to fit your income. This is the key and the most important way to properly manage your money. You should adjust your unreasonable spending to save more money for meaningful goals such as traveling or buying a house. You can also manage your account with the help of a mobile app, a notebook, or a person who is good at money management.

4. Planning your budget

You may equate a budget with strict abstinence, in which you have to sacrifice your comforts and ignore your special pleasures. However, this is not a good way at all, it only makes you a time bomb and you may decide to spend all of your money at once. Instead, you are advised to have a balanced budget, like you are following a balanced diet because money management should be a lifestyle, not an intermediate solution.

5. Spending your money intelligently 

Determine whether one thing is important to you or not before spending a sum of money on it. Make sure you have a plan for it and it is one of your priorities. If you want to rent an apartment with a nice view and create a relaxing space at home, it means that you decide to invest your monthly income in living space. If you travel frequently, spend your money on traveling items instead of expensive furniture. Another smart way is to divide your account into two parts, one for your imperative needs and the other for your outbursts. By the way, you will find it easier to manage your finances after doing this.

6. Saving intelligently

Don’t save as much as possible but set your financial goals based on certain contexts to know how much you should save and how long it should take to achieve it. The clearer you define your goals, the more motivation you have to realize them.

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” – James W. Frick

7. Saving for retirement

To live well when retiring, you need to save from 15% to 20% of your income (even more than 20% if you can earn a lot of money). Unfortunately, not many people can do so. At first, it may be challenging to save up to 10% or 15% of your income but if this amount of money is subtracted automatically from your salary and transferred into a retirement account, it is much easier.

For instance, with earnings of $50,000/year, you set a goal of saving 10% of it and at the end of each year, you will have $5,000 in your account. But, if you don’t perform this action, what will you do to earn $5,000?

Moreover, this amount of money will bring you profits. With the bank rate of 7%/year, for example, you will have up to $750,000 after 35 years and more than $1 million after 40 years. If you are at the peak of your career and can earn a lot of money, don’t forget to save a part of it for your retirement.

Above, we have introduced to you 7 ways on how to make yourself better at money management. Have you ever tried any of these methods? If yes, please share with us your experience. If no, I hope these methods are useful to you. If you have any questions or comments, you can drop your words below this post. We will respond as soon as possible. 

I am Linh Pham – a blogger with many years of experience in searching for useful information related to self-development, work motivation, job-searching tips and advice, productivity improvement, life issues, and so on. I try to develop myself by reading articles on different career blogs and listening to experts’ talks. My purpose is to create a good working culture among employees and equip them with essential working skills.

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Success Advice

Inside the TikTok Resume Hack That’s Fooling Recruiters (For Now)

A viral TikTok resume trick promises interviews overnight, yet one wrong move could blacklist you from future jobs.

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Life

9 Harsh Truths Every Young Man Must Face to Succeed in the Modern World

Before chasing success, every young man needs to face these 9 brutal realities shaping masculinity in the modern world.

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Many young men today quietly battle depression, loneliness, and a sense of confusion about who they’re meant to be.

Some blame the lack of deep friendships or romantic relationships. Others feel lost in a digital world that often labels traditional masculinity as “toxic.”

But the truth is this: becoming a man in the modern age takes more than just surviving. It takes resilience, direction, and a willingness to grow even when no one’s watching.

Success doesn’t arrive by accident or luck. It’s built on discipline, sacrifice, and consistency.

Here are 9 harsh truths every young man should know if he wants to thrive, not just survive, in the digital age.

1. Never Use Your Illness as an Excuse

As Dr. Jordan B. Peterson often says, successful people don’t complain; they act.

Your illness, hardship, or struggle shouldn’t define your limits; it should define your motivation. Rest when you must, but always get back up and keep building your dreams. Motivation doesn’t appear magically. It comes after you take action.

Here are five key lessons I’ve learned from Dr. Peterson:

  • Learn to write clearly; clarity of thought makes you dangerous.

  • Read quality literature in your free time.

  • Nurture a strong relationship with your family.

  • Share your ideas publicly; your voice matters.

  • Become a “monster”, powerful, but disciplined enough to control it.

The best leaders and thinkers are grounded. They welcome criticism, adapt quickly, and keep moving forward no matter what.

2. You Can’t Please Everyone And That’s Okay

You don’t need a crowd of people to feel fulfilled. You need a few friends who genuinely accept you for who you are.

If your circle doesn’t bring out your best, it’s okay to walk away. Solitude can be a powerful teacher. It gives you space to understand what you truly want from life. Remember, successful men aren’t people-pleasers; they’re purpose-driven.

3. You Can Control the Process, Not the Outcome

Especially in creative work, writing, business, or content creation, you control effort, not results.

You might publish two articles a day, but you can’t dictate which one will go viral. Focus on mastery, not metrics. Many great writers toiled for years in obscurity before anyone noticed them. Rejection, criticism, and indifference are all part of the path.

The best creators focus on storytelling, not applause.

4. Rejection Is Never Personal

Rejection doesn’t mean you’re unworthy. It simply means your offer, idea, or timing didn’t align.

Every successful person has faced rejection repeatedly. What separates them is persistence and perspective. They see rejection as feedback, not failure. The faster you learn that truth, the faster you’ll grow.

5. Women Value Comfort and Security

Understanding women requires maturity and empathy.

Through books, lectures, and personal growth, I’ve learned that most women desire a man who is grounded, intelligent, confident, emotionally stable, and consistent. Some want humor, others intellect, but nearly all want to feel safe and supported.

Instead of chasing attention, work on self-improvement. Build competence and confidence, and the rest will follow naturally.

6. There’s No Such Thing as Failure, Only Lessons

A powerful lesson from Neuro-Linguistic Programming: failure only exists when you stop trying.

Every mistake brings data. Every setback builds wisdom. The most successful men aren’t fearless. They’ve simply learned to act despite fear.

Be proud of your scars. They’re proof you were brave enough to try.

7. Public Speaking Is an Art Form

Public speaking is one of the most valuable and underrated skills a man can master.

It’s not about perfection; it’s about connection. The best speakers tell stories, inspire confidence, and make people feel seen. They research deeply, speak honestly, and practice relentlessly.

If you can speak well, you can lead, sell, teach, and inspire. Start small, practice at work, in class, or even in front of a mirror, and watch your confidence skyrocket.

8. Teaching Is Leadership in Disguise

Great teachers are not just knowledgeable. They’re brave, compassionate, and disciplined.

Teaching forces you to articulate what you know, and in doing so, you master it at a deeper level. Whether you’re mentoring a peer, leading a team, or sharing insights online, teaching refines your purpose.

Lifelong learners become lifelong leaders.

9. Study Human Nature to Achieve Your Dreams

One of the toughest lessons to accept: most people are self-interested.

That’s not cynicism, it’s human nature. Understanding this helps you navigate relationships, business, and communication more effectively.

Everyone has a darker side, but successful people learn to channel theirs productively into discipline, creativity, and drive.

Psychology isn’t just theory; it’s a toolkit. Learn how people think, act, and decide, and you’ll know how to lead them, influence them, and even understand yourself better.

Final Thoughts

The digital age offers endless opportunities, but only to those who are willing to take responsibility, confront discomfort, and keep improving.

Becoming a man today means embracing the hard truths most avoid.

Because at the end of the day, success isn’t about luck. It’s about who you become when life tests you the most.

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Change Your Mindset

The Four Types of Happiness: Which One Are You Living In?

Most people chase success only to find emptiness, this model reveals why true happiness lies somewhere else.

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