As has been often quoted by many business experts, if you can’t measure performance, then you can’t improve it. This principle also directly applies to your own financial situation. There are a variety of ways nowadays to track your financial health — namely your assets and liabilities as well as your ongoing cash flow.
There are free apps you can use, such as Mint, that make it simple and easy to track your budget. Setting it up might take some time, but this helps build a solid foundation for your personal financial situation. Once you know where you’re coming from, you can make a plan for where you want to go.
