Having a savings account and estimating your monthly expenses will help you save money, but putting a system in place in terms of budgeting can help you gain financial independence. How we’re taught to handle money as children has an impact, but the decisions we make with our income once we’ve struck out on our own are more consequential.
Instead of keeping track of everything manually, you should let the technology do it. For example, financial responsibilities such as budgeting, keeping track of spending, saving away tax money, and bookkeeping can all be automated nowadays.
