• Building an emergency fund: set up an automatic weekly or monthly transfer from your checking account to your savings, then leave the savings alone until an emergency appears.
• Eliminating high-interest debt: Set up a simple debt repayment plan by organizing your debts by interest rate, then attempt to make a double payment on whatever debt has the highest interest rate.
• Saving for retirement: It will actually end up being a much smaller burden than you expect,  lifted up by the pleasure of knowing that you’re securing your retirement.

The most valuable part of budgeting is actually the process of building a budget correctly. 

You build a budget based on looking at your actual spending over the previous few months. Get real numbers, not estimates. Dig through your bank statements and credit card statements and figure it out. This will easily show you the areas where you actually overspend.

• Figure out how much you earned last year after taxes.
• Subtract from that all of the costs of commuting, professional clothes, work-related meals, and other expenses you paid out of pocket.
• Figure out how many hours you worked, plus the hours you commuted and attended other business meetings. 
• Divide your after-expenses income by your total hours of work to get your true hourly wage. 

Rent unless your total monthly cost of home ownership is lower than renting.

Whenever you’re tempted to splurge on something cheap, simply hold it in your hand for 10 seconds and ask yourself honestly whether you need it or not. Actively try to think of reasons why you shouldn’t buy this item. Will you really get enough value out of it to make it worth the cost?

Usually, just 10 seconds will convince you that you don’t really need the item, and if something still passes the test, feel free to buy it!

For more expensive items simply choose to wait 30 days after your first serious impulse before buying the expensive item, provided that it’s not an essential or emergency need.

Use that time to do a little research and make sure you actually want or will use the item, and also give it time to just sit there and see if the desire dies down. You’ll find that, more often than not, you won’t want the item after thirty days.

Cancel your unused memberships and subscriptions.

Unused subscriptions and memberships do nothing but devour your money month after month.

• Money in stocks, over the long term, tend to offer very good returns, but stocks tend to be very volatile, with lots of short-term jumps and falls in value. Hold on and be patient.
• Shoot for the average by buying index funds with low fees.
• Don’t bother with individual stocks: they require a ton of research and a lot of attention, and even then they come with a lot of risks.
• Have some portion of your investments in an index fund made up of international stocks and other international investments (euro and the Chinese yuan).