If you want to manage your earnings, then definitely take this step

You should save 20% of your income, especially when you are young.

 If you want to make your business and yourself financially capable forever, then you have to manage your earnings in certain ways.

 Money is required to start and carry out any work.  Without funds, you cannot start working on your idea.  Today's youth have many options to raise funds for their startups.  Through these options, he starts his business and starts earning money, but many times he does not know what to do so that he never lacks money.  As the business grows, so does its expenses.  When expenses increase, it becomes difficult to both make and save money.  In such a situation it is not easy to make money for oneself and many times the money earned and saved is also spent.  Know how you can manage your earnings-

 Do not work at a loss

 One of the easiest ways to make money is to spend less than what you are earning.  However, most people sit here and spend.  Such people, when they also earn more money in future, then spend more.  In such a situation, he cannot save money nor manage it.

 Tax yourself

 The way the government imposes tax on you, similarly tax your earnings on your own.  The meaning of this is to set up an automatic bank transfer, so that whenever the payment arrives, some part of it goes to your savings account.  You assume that there is no money at all.  After a few years you will thank yourself.

 Set financial goals

 When you have a goal, then you become more responsible about money.  Apart from this, if you do not have goals, then you spend money without thinking.  Therefore, set a big goal at the beginning of every year and then divide it into 3-month quarters so that you can check your progress in every quarter.

 Take financial decisions carefully

 You should always make your financial decisions based on your current earnings and not future earnings.  For example, if you increase the cards without the means of earning to pay the bill of credit cards, you can drown in debt.

 Don't play on the stock market

 Unless your job is that of a trader, do not spend your time in the stock market.  It can be like gambling for you.  Instead, you can invest your money.  You can take the help of a financial advisor to invest your money in the right place.

 Keep responsible people with you

 If you want to make and save money, then you should live with people who are financially responsible.  These are people who are older than you and you can learn from them.  You can choose a family friend who has achieved financial success himself and can guide you.

 Follow the rule of 50-30-20

 You should spend 50 percent of your earnings on your needs like home, food etc., 30 percent on your desires like clothes, walking, etc. and save 20 percent, especially when you are young.  The rules of 70-20-10 are much closer to being adopted, but your goal should be to achieve 50-30-20 rules.