Verify that you are making progress towards paying off every debt. Saving money is a good idea, particularly if you’re young and just beginning in your job. Get an emergency fund going. It’s a good idea to set aside some money each month for an emergency fund—any amount would do. Start your retirement savings now. You should act immediately to safeguard your hard-earned money. Spend some time learning how to do your individual taxes. Understand your spending habits and develop a budget. Study a few introductory books on financial planning and take control of your financial future. Put an end to your unnecessary spending Exercise Self Control: Use Cash Instead of Credit