Steps to Manage Personal Finance

1. Know your expenses well

2. Pay yourself first

3. Identify your needs and wants

4. Understand and manage your debts

5. Earn more money

6. Have adequate insurance :

1. Life insurance (death benefit)
2. Critical illness (like heart attacks, cancers, strokes etc)
3. Hospital and surgical insurance
4. Accident plans (can include things like dengue fever)
5. Elderly care (for those who are old and have problem fulfilling some basic acts of being a healthy independent human being)
6. Disability income (if you can't work because of disability, you'll get an income for a period of time)   

1. Have an idea on where you stand financially at this moment

- Do up your net worth and cash flow, including the expenditure statements

2. Analyze your statements

- See where the leaks are and how to remedy them

3. Set progressive goals 

- Set action plans on how to reach these goals