When we’re kids, we like to think that adults have it “all figured out.” The biggest plot twist of everyone’s life is becoming an adult only to realize everything is still as confusing as it was before. Adulthood isn’t always easy, especially when it comes to managing your own finances. This is something that is often learned by practice and experience.

What does it mean to handle your money “like an adult?” How can you become a smarter adult when it comes to your finances? We’ll address these questions in more in this money-management guide.

1. Create a Monthly Budget

The word budget is enough to send a lot of people running for the hills. Budgeting has become synonymous with middle-aged housewives and penny-pinching parents. In reality, budgeting is for everyone, and it’s the only way to have a clear picture of your finances.

The majority of people aren’t keeping track of their own budgets. Only 41% of Americans use any type of budget, and the rest of the population is just floating along. No matter how self-aware you think you are, you need to get your finances together in a clear way. A budget can be as simple as a list of your monthly expenses and income. Until you have a budget, you don’t know for sure where your money is going.

2. Break Up with Debt

Debt is seen as a natural part of life, but that doesn’t mean it has to be. While some debt can be for the greater good (like buying a house or student loan debt), you don’t have to commit to a life of paying back your loans and never escaping the debt hole.

While we can all agree that some debt can be used responsibly, you don’t have to make debt a habit. U.S. households have an average of $6,929 in credit card debt at any given month. This is a stain on your finances, and it will hold you back from other goals.

You don’t have to carry a balance on your credit cards to build credit, and you can make a debt payoff plan to get rid of your existing debt in a productive way. Debt Busters can help you create a plan to solve your debt problem in no time.

3. Understand Your Income

How much of your income do you have left over at the end of each month after your expenses have been paid? While most people can confidently tell you their monthly income, they probably can’t give you how much they actually get to keep. The number on your check, in fact, isn’t income at all.

To determine your actual income, you need to subtract your total expenses from your total income. If you get a negative number, you’re spending more money than you’re making. If you have a positive number, this is a great thing and means you’re spending less than you make. Now that you know your real income, you’re better prepared to make smarter decisions.

Manage Your Money with Confidence

Managing your money is a skill that takes some time to master. Don’t be hard on yourself if you don’t get a hang of it right away. It’s normal to take some time to figure things out. As long as you’re keeping a close eye on your income and ongoing money as well as your debt, you’re doing well.

Knowledge is power. Never stop learning about money and financial management. You don’t need any fancy training or a degree to learn the basics. From there, you can accomplish anything.

From there, you can accomplish anything https://www.orchardbusinessfinance.co.uk/. Orchard Business Finance is a family run firm with a strong emphasis on great customer service. They will deliver the expert advice and available deals you need to secure the right financial products for your requirements.


Northern girl Laura is the epitome of a true entrepreneur. Laura’s spirit for adventure and passion for people blaze through House of Coco. She founded House of Coco in 2014 and has grown it in to an internationally recognised brand whilst having a lot of fun along the way. Travel is in her DNA and she is a true visionary and a global citizen.

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