How to improve your personal finances?

It is all about "cut your coat according to your clothes". However, if aomes one is relatively well off ( not in hands to mouth kinda situation!) trying to built finacce for "rainy days" may get rid off cell phone/credit cards -years ago, no one had cell phones/Credit cards and they all managed to survive.!

Personal financial management is all about "Living within your means" and saving regularly for a "rainy day". In case you cannot go on without a debt or a loan, make sure that the rate of interest you pay does not exceed the average rate of return on your investments.

It is very interesting and good question. Personal finance management is very necessary. It is said that cut your cloth according to your size and while sleeping expand your body according to your blanket. All these saying means that one should live within his means and according to his cashflows. Following steps may prove helpful in personal finance management/improvement.

Make a personal budget. It will help you in listing your income and expenditure heads and you will not over spend.

Keep record of your income and expenses by downloading free sowftware from the net. In this you will be able to track your income and expenses.

Try to save and Invest your savings to generate extra cashflows.

Personal finances can be improved by increase in income and spending it properly.  Regular saving, no matter what amount, is a must.

Save regularly from whatever is the income + making sensible invesment decisions. And if possible search for ways to suppliment existing income be it part-time tuitions or stock trading etc..