3. How you track and reduce your daily spending. No matter who you are and what stage you are in life, even if you’ve got money to burn, you should always control your spending. It’s all the more important to use as little of your money as you can if you’ve got a limited amount. You need to use your money
wisely and save what you can for use in achieving your goals.
4. How you manage big but needed purchases. Large purchases like a new car, a home of your own (real estate), or a big expensive college education, fall under this category. These purchases fall into only two categories, which you need to remember: purchases that accumulate value, and those that merely depreciate, no matter what you do!
5. How to get out of debt, or stay out of debt. This is related to No. 4, but deserves a little section on its own. Having debts, and getting rid of them for good, is one of the most difficult things to achieve in life. But you need rid yourself of bad debt, and the habits that make you accumulate them, for these will give you no end of trouble in life. You don’t need that kind of negativity!
6. How you invest what you’ve earned and saved. It’s not enough to simply stash away the money you haven’t used. How do you grow your money? Where should you invest it?
7. How you protect yourself. Under this category are your insurance purchases. This also includes what your medical care is, how you use your employee benefits (if you’re employed), how