There are different methods of budgeting but it all comes down to the main aim of managing your money. By looking at your income and taking away your expenses then seeing what is left.
Being careful with your money and avoiding froud/Scams
it is important to be aware of fraud and scams this can help you to keep your money safe.
When thinking about saving your money It’s good to think of some long term financial goals and short term financial goals, but be prepared to be flexible on your long term financial goal.
This is the second part of the post about budgeting where you look at your spending
Creating a budget can help you to keep track of your money and hopefully save your money.
Having a financial education can help a young person learn about managing their money, managing debt, setting up savings and preparing for the future.