No need to stress about the finer points of money management, just focus on the basics.
Adopt these principles as your own. I have borrowed and adapted from my friend Matt Miner.
Again, credit to Matt Miner.
Conscious Spending Plan: How to Budget by Looking Into the Future
<aside> 👨🚒 Emergency savings allow you to pay for something you need when you don’t have the money to pay for it. Think of it light a fire fighter’s turnout gear.
A fire fighter needs protective gear that is sufficient, always ready, and occasionally upgraded. Hopefully he will rarely need to rely on it and most his time is spent working out and pulling cats out of trees. But when he needs it, he won’t want to be without it. Having it gives him confidence and allows him to take smart risks that he wouldn’t otherwise.
An emergency fund is like that. It needs to be sufficient, always ready, and occasionally upgraded. Hopefully you will rarely need it, but when you do—and everybody does sometime—you will be so glad you have it.
How much should you save?