A lot of people who complain of a lack of money do not have a financial plan. If you are working towards financial success then you need to plan your finances. Learning good financial management may not come overnight but giving up on the first failure will not do you any good which is why you need to keep going until you master the skill. When rating happiness among those who are satisfied with their finances and those who are not, the former group is happier. This does not mean money will buy you happiness but it does bring you peace and security. One of the best things about good money management skills is that there will always be some for you to use. Not many people might give this a lot of thought but it is a valid point. In matters to do with money management, getting out of debt might not happen in the course of one week but with persistence, it will come by and it will be a great thing for you. When you are without money because you have managed it in a bad way then you will only have yourself to blame. If you are still not used to this, start small and then grow. If you cannot remember to put the money in your saving account, there are apps that can do that for you. In addition, you will have a flexible life and freedom.
You cannot claim to be good at financial management when you cannot even come up with a budget. Budgeting is not the end of financial management. Financial management goes beyond budgeting. You will find yourself budgeting if there is a financial plan you are hoping to follow. You might think that it limits your spending habits but it actually expands them. With a budget, there will always be money for you to clear any debts you may be having. If you have ever thought that your money is disappearing when no one is stealing it then a budget will help you stay on top of things. There will always be accountability on what you have spent your money on. You need to prioritize saving and get out of debt. You should write everything down or just set out a certain percentage. When you set financial goals and achieve them, you will be excited about conquering the next one. You may never have to worry about the rising cost of living in matters to do with the lifestyle you have if you go for financial management.
Rarely will you find households which are getting by without loans. That is not a major problem but rather the repayment. People with a great personal finance plan are able to get out of debt much faster.