Just like you, financial status of no one is perfect in the world. You can blame it on the ever increasing prices of goods and commodities or our ever changing life style and in its demands, all are facing financial crunch. To manage the situation you have to borrow money from your lender, which is not bad or shameful, but being inconsiderate about how much to borrow is what affecting the financial situation even more badly. It leads to unmanageable situation for payments of your bills leading you to a debt trap. So, to avoid this trap, you yourself have to do something to manage and improve your financial status.
Back To the Basics : You must follow some basic steps and start with setting a goal for yourself. It is just like a soccer game where there is a ball, which all wants to snatch away from you, and you have to dribble and manage your way through to shoot at the goal and score points. Finance is all about numbers. Set it all in a paper correctly, amounts due dates and all. Accordingly set monthly targets. Consider an amount, say 500, and try to save it at the end of the month. You will find it difficult for a couple of months, but it will come to a system later.
Get Acquainted With : You must make yourself knowledgeable about personal finance and its management and reading is the only way. Read anything on finance, even stocks and shares, to get an idea about effective financial management. Take your own time when it comes to take any decision. Also take time and think twice before spending a large sum of money. Often you will find that you choose to come back later when you take time to decide and eventually save a large amount of money. Taking your time gives you enough chance to get acquainted with the event and do some research, even if you are thinking to choose a bank.
Put Money Aside : If you put money aside and out of your reach, even your plastics, you will not have the means to spend even if you have the urge to do so. This forced savings can help you find money when you really need. Try it out sometimes by taking a walk in the market with empty pocket. You may have a strong urge to have a burger but cannot, and come back home to have that sandwich which was on the menu. If you can head off this urge a couple of times, you will find it easy later and feel happy to have some money saved.
Improve Your Income : This probably is the best way to have some extra money earned and saved to create an emergency fund. You can improve your other sources of income by taking a part time job, using the internet and taking the full advantage of various income sources, negotiate on higher payment, and take up a side project. You can visit here to know more ways to have more cash in hand.