To handle money, complex mathematics is not required .you just need to know addition ,subtraction and little multiplication .Life will be easier when you have good financial skills. How you spend your money impacts your credit score and the amount of debt you end up carrying. every teenager should be enlightened about the same to have a better future.

Various ways to handle money

1)Have a budget

Everyone thinks that budget is a boring process and there will not be any great significance by doing it. but actually it will gradually reduce the usage of money rather we can say the money being wasted can be reduced. Instead of focusing on the process of creating a budget, focus on the value that budgeting will bring to your life.

2)Utilisation of the budget

 At the end of the month you should have a glance of the budget list and need to note the amount that you have wasted for uneccesary things. And try to rectify it by upcoming months.

3)Create your own savings

You can deposit some money on your bank savings account. You can even set it up so the money is automatically transferred from your checking account to your savings account. That way, you don’t have to remember to make the transfer.

4) Create a plan to pay off debt

Debt is a huge financial burden . It will affect your current and future savings.  So, a proper plan has to be made to clear all your debts so that you can focus on your future goals.

5)Build an emergency fund

Life is full of unexpected things. so you should be financially strong to tackle it. once you know your monthly income try to save some money so that you can live for 3-6months without income. Emergency fund is must to manage emergency efficiently.

In this competitive world everyone should learn the methods to handle money efficiently. so that without any delay everyone can achieve your dream and goals . If you know the correct way to handle money then you don't  have to worry about debt. you can build a path to achieve your goals without debt. 

Your budget is a  passport to a healthy financial life. you must learn to control your money or else it will control you. long term thinkers are the ones who win with money and keep your eye on the future instead of your circumstances to have a successful life.