Management of the personal finances

Even if you have a master's degree in finance, if you have a hedonistic lifestyle, your finances will be unhealthy, so the most important thing in managing finances is to live frugally, spend less than your income, be disciplined and diligently read about finance.
 
It depends on the kind of life you have led. I have noticed that people who have led a good life are more careless about their money while those who have led a difficult life, have been falsely accused are more careful.
 
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