1. Create a budget

It seems simple, but creating and actually seeing your expenses is one of the best things you can do to take control of your finances. Determine your income, your fixed expenses (such as housing, insurance, etc.), and your other expenses (ones that vary, such as clothes, food, etc). There are many online budgeting tools that can help you step-by-step to create a budget.

2. Develop a splurge fund

Give yourself room to splurge. If you restrict your spending completely, you probably won’t stay on track. Find a reasonable portion of your budget that you can use for things you really want, but might not need. Or, set aside a certain amount of money each week/month for “splurge” purchases.

3. Manage your spending

Mindless spending with credit cards and online can lead to dangerous overspending. Luckily, there are many apps that you can download and use to manage your financial goals, budgets, and spending trends. Mint.com is a popular website (and mobile app) that allows you to set goals and track spending by category. Spending most of your money on food? The app will give you visual charts to demonstrate your top spending categories so you can make adjustments and get closer to your financial goals!