Managing your money is something we all have to do. Whether it means watching the spending you do, monitoring the amount of investments you make, or limiting the amount of times you go out to eat, everyone is battling money in some way shape or form.

Throughout the course of our lives, we’ll all have to battle with money. As you continue to get older, dealing with money gets more and more complicated. Paying for kids, a mortgage, and a car are all money intensive things that come later on in life. It’s a constant battle for everyone, and something we’ll all be dealing with for a long time.

Like with everything else, getting good with money takes time and practice. The more you do it, the better you’ll get at it. Everyone wants to be good with money from the start, but it’s difficult. You’re deciding between what you want, and what you should do with your money. Those decisions require a level of discipline and maturity to make correctly.

There’s a good chance early on a lot of the ways you handle and treat money will be similar to the way your parents do. After all you’ve watched how they handle money for a long time. It’s only natural to inherit some of their ways. But it doesn’t mean you have to be like them forever, you can change the way you handle money for yourself. The more you do it, the better you’ll get at it.

A lot of what we do nowadays is predicated around money and finances. The lifestyle you live, the social dynamic you’re in, and the goals you want to achieve mostly have a financial component. It’s important to understand the difference between wants, desires, and needs. All of these will have an effect on your financial well-being in one way or another. Learning what you need, and when you can spend or splurge on a want or desire is an important part to managing your finances. Finding that balance is the key.

It’s difficult to say no to things, or to fight yourself when you want something, but it might be for your own good. If you’re trying to watch your spending, or to save the most you can, something is going to have to give. You’ll have to choose and decide what’s most important for you, what you want to spend on, and what you want to save on.

A lot of the things people spend money on are for status and have little value outside of the moment or instance they use it. It’s important to remember you’re not going to be perfect, you’re human. Trying your best and doing the best is the goal. It’s not easy to make lifestyle sacrifices or reduce your lifestyle on your own without anyone telling you to.

When it comes to managing your money, and your finances, it’s incredibly important to be smart. Spending and investing are two things that are important factors to your overall financial well-being. Understanding how the two are interconnected, and the more you spend, the less you can invest is important.

Investing is putting money you could use now into something that can bring you more money in the future. You’re sacrificing the ability to use the money immediately, in the hopes that the investment will bring you more money than you invested in the future.

Spending is the instantaneous or momentary act of spending money. This could mean buying a coffee, going on a vacation, or going out at night. Once you spend money, it’s gone. Ultimately once its spent, it’s someone else’s at that point.

Balancing spending and investing depends on what you’re trying to do, and what your objectives are. If you want to prepare yourself for the future and start to save for whatever you may want to do in the future, investing might be a good idea. If you want to focus on living in the moment or enjoying a moment, then spending might be best for you at the time. Whatever you choose, can always change, and changes with each decision, each time period in your life, and each objective you have.

If you’re doing this, and enjoying everything from managing, investing, or evaluating financial decisions, becoming a financial analyst might be something worth looking into. Taking the time to learn how to become a financial analyst might be beneficial and put you on a career path to do some of those things on an everyday basis. Companies are always looking for people who are skilled and talented within finance. Growing or making money for someone else is an incredibly valuable skill.


Learning to manage your finances can be a great skill and asset to you and your lifestyle. Making the right decisions financially and choosing when to splurge versus when to save can reduce a lot of stress and anxiety from your life. Sometimes it hurts in the moment or in the short term, but in the long run it will be worth it. You’ll be in a better position, have more flexibility, and the opportunity to do more things like investing and saving. No one truly knows what life is going to throw at us whenever, wherever we may be. By preparing and trying to save or invest money for a rainy day, you’re going to be reducing the amount of stress and anxiety you feel if you ever need money in a pinch.

It’s a battle and a tough struggle everyday of your life. It doesn’t end, but you get better, sharper, experienced, and more skilled at making financial decisions the more you do it. Give yourself enough time to find the balance that works for you, and the lifestyle you enjoy. You want to find a good mix of both saving and spending. This way you’re able to be prepared for whatever the future may throw at you, and also enjoy the moment you’re in. Over time you’ll learn more and understand how to handle your finances in a way that works for you.