Managing personal finances can be tricky. There are so many things to think about, track and budget for that it’s easy to get overwhelmed. Managing your personal finances doesn’t have to be stressful or time-consuming. You just need a plan and some good habits to stay on top of things.

Create a Budget

First things first: Create a budget. You don’t have to spend hours each month tracking your spending if you have a budget. You can build a budget in just a few minutes, and it will help you stay on top of your spending and make sure you’re not overspending.

If you don’t have a budget, you’re just guessing at how much money you’ll have each month — and that’s not a smart idea. Without a budget, it’s easy to overspend on things like groceries, eating out and drinks. Or you might not be saving enough for retirement.

Don’t Ignore Your Investments

Investing is important. This protects your assets and ensures that you’ll be covered in times of emergencies. But many people don’t put much emphasis on it. They don’t think they have enough money to start investing. But the truth is that even if you only have a few bucks to spare, it’s a good idea to start investing. The sooner you start, the better.

If you’re in your 20s or 30s, you can put that money in a 401(k) or an IRA, which will allow you to lower your tax bill now and get a nice tax break. If you’re in your 40s or 50s and have some extra cash, it’s a good time to start investing in a taxable account.

You can choose from lots of different investment options and have plenty of time to let your money grow.

If you’re in your 60s and beyond, it’s a good time to start thinking about your retirement. Focus on maxing out your 401(k) or IRA.

Track where All Your Money goes

It might sound silly, but you should keep a record of every dollar you spend. This will help you track your spending and identify any problem areas, like eating out too much. If you keep a record of your spending and find you’re spending too much on certain things, you can change that.

You can use a cash-based budget or digital budgeting app to keep track of your spending. You can even set goals for certain categories, like eating out or groceries.