There is an article that I will paraphrase about advice a man’s father gave him when he was young about managing his finances.
1)Never Spend More Than You Make-He explains to his son that he needs to make money first and save as much as possible. Then when the money level reaches a level that matches his needs he can determine what his spending priorities are.
2)Pay Off All Credit Cards Monthly-pay off the statement balance on each credit card monthly, do not pay any interest to credit card issuers. The interest rates are exceedingly high on credit cards usually ranging from 10% all the way to 28%. It would take many months to pay a credit card bill if you only pay the minimum payment. All that time you would be paying interest only and still have most of the debt outstanding
3)Be Generous It is great to earn money, save money, and spend money. But it is even a greater experience to be able to share your money with your church, your family, and your friends. Think of the joy of sharing with others your success.