When you were a child or young adult, there's a good chance that one of the major lessons you learned from a parent is the value of a dollar. As you get old enough to start managing your own bills and other living expenses, it's important to set your own financial goals to help protect your future. Budget Your Money In my days as a financial advisor, I found most people who claimed to be broke, weren't broke at all, they had a broken budget. Creating a budget will help you to identify where your money goes after you receive your paycheck. It will take a few months to get a comfortable average, but once you identify how much money you need for each bill during the month, you can start to eliminate the money drains that often cost you throughout the year. You will also have a good idea of what is left over after paying the necessities. All work and no play can lead to a very dull life, though. If possible, try to set aside a small amount each month so that you can enjoy yourself. Even if it's only $10 dollars to see a movie, think of it as a reward for staying on track.