4 Money Management Tips for Those Starting Over


Things happen that can set us back financially every once in a while. You could lose your job or have an emergency that wipes you clean. You could also have made some mistakes because you didn’t actively pay attention to your finances.

Whatever the reason, there is still hope. You can get back on track with your finances. You just have to do some things differently this time.

Save More

businessman holding coins putting in glass. concept saving money for finance accounting
Image Credit: lovelyday12/Shutterstock.

One of the most important things you can do to get back on track with your finances is to start saving more. Having money in your savings will help you if you ever have another dire financial situation occur. It is always good to have something to fall back on.

Setting a savings goal will help motivate you to save quickly. Some people need that extra motivation to save. Once you start saving, you will be glad that you did.


Calculator with the word BUDGET on the display. Pen, eyeglasses and notepad on the diagrams. Concept photo.
Image Credit: Inna Kot/Shutterstock.


Create a budget and stick to it. Don’t just blindly spend money or splurge. It is not worth it in the long run. Look at how much money you have coming in and going out. If too much goes out, it is time to update your budget.

For example, since you are starting over with your finances, you can cut cable television from your budget. It’s not going to be easy at the beginning, but you have to stick to your budget. Your finances depend on it. You’re not trying to be in a situation like this ever again.

Use Your Credit Card Wisely

Financial owe, hand of asian woman sitting, holding credit card, stressed by calculate expense from invoice or bill, no money to pay, mortgage or loan. Debt, bankruptcy or bankrupt.
Image Credit: Kmpzzz/Shutterstock.


If you have a credit card, please use it wisely. If you’re not careful, your credit card debt can cause you to start over with your finances every year. That doesn’t need to happen. Don’t go on crazy spending sprees using your card. Only use it for things that you can afford.

Another tip for using your credit card is paying it off monthly. Paying your credit card off will help you keep your debt down and become more mindful of your spending.

Track Your Spending

Track Your Spending is shown on the conceptual business photo.
Image Credit: Jack_the_sparow/Shutterstock.


Tracking your spending is imperative. You need to know where every dollar bill is going. I worked in a bank for nearly two years. You’d be surprised to find out how many people don’t track their spending. There are several ways to track your spending. You can use an online app or do it the old-fashioned way and use a checkbook register. It doesn’t matter which one you choose. The object here is to pay attention to what you’re spending.

I’m Frugal: Here Are My Top 30 Frugal Living Tips to Save Money

Funny child hugs the radiator. Kid in hat and warm clothes enjoying home heater. Heating of housing during the energy crisis in the winter cold season. Restrictions and savings of gas and electricity.
Image credit: Sharomka/Shutterstock.


I’m super frugal, and one of my passions is sharing my frugal living tips with everyone.

Here are some of my absolute favorite frugal tips to help you get started on your journey to frugal living.

I’m Frugal: Here Are My Top 30 Frugal Living Tips to Save Money

15 Things That Are No Longer Worth It Because of How Expensive They Have Become

Portrait of beautiful young blonde woman posing and giving a kiss to the camera.
Image Credit: PKpix/Shutterstock.


Everything comes with a hefty price tag these days. From indulgences to essentials, the cost of living keeps rising. We used to consider certain items affordable options, but now they’ve become so expensive that they’re no longer worth it. Here are 15 things that have lost their affordability and make us wonder if they are worth it!

15 Things That Are No Longer Worth It Because of How Expensive They Have Become

28 Practical Ways Frugal People Save Lots of Money

Young pretty woman traveller in baseball cap looks and smiles at camera at green nature forest background, portrait close up.
Image Credit: DedMityay/Shutterstock.


Saving money doesn’t have to mean saying goodbye to life’s little indulgences. With a few smart tweaks, you can stash away cash for that dream vacation, rainy day fund, or splurge-worthy purchase without feeling like you’re on a constant budget patrol.

Think of it as a side hustle that pays off without the extra hours. Whether you’re looking to conquer debt or simply boost your bank account, these tips are guaranteed to put more money in your pocket, painlessly.

28 Practical Ways Frugal People Save Lots of Money

20 Poor Hacks Frugal People Use on a Fairly Regular Basis

portrait of an elderly woman with beautiful look of Dominican Latin origin looking at the camera.
Image Credit: Julaix/Shutterstock.


Even if you’re not poor, you sometimes feel that way, and you probably have some tricks and tips for coping with that. In this article, we’ve compiled several poor hacks that people utilize at least a few times a month or even a week. It’s always good to share these hacks; we hope some of them help!

20 Poor Hacks Frugal People Use on a Fairly Regular Basis

10 Hard Financial Truths About Aging You Can’t Afford to Ignore

An elderly woman looks sadly out the window.
Image Credit: De Visu/Shutterstock.


Getting older is a difficult thing to face. Unfortunately, it also comes with certain financial considerations that will affect your retirement planning. Here are 10 hard financial truths about aging that you can’t afford to ignore.

10 Hard Financial Truths About Aging You Can’t Afford to Ignore



Author: Jason Butler


Jason Butler is a freelance write and owns My Money Chronicles, a website that discusses personal finance, side hustles, travel, and more. Jason is from Atlanta, Georgia. He graduated from Savannah State University. Jason has his BA in Marketing.


Leave a Comment