How do I learn financial management?
How do I learn financial management? Honestly, financial management isn’t some fancy MBA subject; it’s a life skill. And the best way to learn it is to start small but stay consistent. Here’s the simple roadmap: 1. Track every rupee. You can’t manage what you don’t measure. Use an app or Google Sheets. One week of tracking will shock you (in a good way). 2. Follow the 50-30-20 rule. Needs → 50% Wants → 30% Investments/Savings → 20% This instantly brings structure. 3. Build an emergency fund. 3–6 months of expenses. This is your financial airbag. 4. Start investing early. Even ₹500–₹1000 monthly in mutual funds teaches you more than 10 finance books. 5. Learn from credible sources. YouTube (CA Rachana, Pranjal Kamra, Asset Yogi) Books like Rich Dad Poor Dad, The Psychology of Money Apps like Groww, Kuvera to explore. 6. Review your money monthly. Sit with your numbers once a month. It’s like a mini CEO meeting for your life. 7. Avoid lifestyle inflation. More income...