When a salary or allowance lands in your account, seeing the whole amount as 'spendable cash' can cause trouble at the end of the month. This is especially common among young people who are new to a steady income.
The first step is to set aside your mandatory expenses up front. Put aside items that must be paid every month, like rent, transportation, phone bills and subscriptions.
The second step is to save some money right away, even if it's small. Instead of waiting to see if there's anything left at the end of the month, it may be easier to transfer a percentage—like 5% or 10%—to a separate account as soon as the income arrives.
Finally, split the remaining money into weeks. For example, if you have 800 euros left to spend over the month, divide it into four weeks to set a weekly limit.
The goal isn't to restrict yourself; it's to avoid asking, 'Where did my money go?' in the last week of the month.
