When you ask some individuals for the reason why they spend lavishly instead of managing funds well, their reply is usually that they will begin to manage their funds whenever they have lots of it and that is a very terrible decision to make, how do you think you are going to ever have lots of money when you keep wasting the one you have at the moment and let us even admit that by some form of miracle you are able to hit some jack pot and you have lots of money without financial knowledge, you will end up wasting it just like you have done with the other resources you have gotten before then. If there is any time to start training yourself on the habit of spending, it is definitely when you have little or close to nothing in resources to spend so by the time you have so much, there will be some form of discipline to restrain you from wasteful spending habit. ![can-a-student-be-cut-off-from-financial-aid-after-taking-too-many-credits.jpg](https://cdn.steemitimages.com/DQmWdWJNUHk6RC19THp65FhPKb6Y3gygZt4PLWT5PE5pLox/can-a-student-be-cut-off-from-financial-aid-after-taking-too-many-credits.jpg) [Credit](https://www.fastweb.com/financial-aid/articles/can-a-student-be-cut-off-from-financial-aid-after-taking-too-many-credits) #### Have a budget. Focusing on financial issues as an individual, as a family or even as an enterprise, it is mandatory for us to learn how to set budget, without a budget it is definite that we will spend on the things that are unnecessary and the come up with what I call buyer’s regret later on. What I call buyer’s regret? It is when you go for shopping and you find something very attractive or maybe the price was offered at a reduced rate and you just feel tempted to buy only for you to get back home and begin to blame yourself after realizing it was not necessary after all. But if you walk into a mall with the list of things you want to buy, you discipline yourself to stick to that list and make sure you are not going beyond what you have in mind to buy. #### Have saving goals. While you have a budget for the things you want to buy, the next thing to work upon is having goals for savings, you can determine this by analysing your average monetary reward pattern and how much you wish to save on a regular basis, training yourself to keep up with this saving pattern will help you increase the amount you are saving as your income increases. #### Pay off your debts. Another important step to growing your finance and managing funds is by trying to clear all your debt, debts are risky and embarrassing at the same time, the most appropriate way to build up your finance confidently is to clear your debt and you can do that on a gradual basis until you are able to finally pay up everything.