It is an essential part of growing up learning to handle your finances effectively. We can get a lot done if we have a stable sum of money and we know how to let it stay that way. Borrowing money from family members, or worse: friends, can be a little humiliating when certain limits have been crossed. 

Spending your cash becomes difficult if it has been stashed away in an account. You have to have your money withdrawn, which is less easy than spending money that you have already. Get an account and add one additional layer of defense between you and that voice in your head that want's you to treat yourself. You get to enjoy a lot more by making an account. You get to experience banking and what it is like to interact with professionals. Perfect if you've chosen finance and accountancy as your profession. Banks have this atmosphere of professionalism; everybody is suited up and preppy. This is how your employers will expect you to behave. 

If you already have an account, you need to hide your credit card. This is how spending your cash becomes easy when you don't have cash on-the-ready but have a card. You carry it around with you and sigh at the first thing you see when in the outside world, shopping or hanging out with friends. You want it immediately. In some cases, you have some really bad friends who are a bad influence. They'll coax you into buying things either for themselves or for you. Steer clear of such friends and hide your credit card if you're an addict buyer of things.

Another way of handling your finances is to enlist your parent's help. Ask them to be your accountants. Give whatever you save to them for safe keeping. There's no one else you'd rather trust either. Moreover, your parents want you to save money and not spend it immaturely. Have faith in their strictness and watch as they help you in this arduous task of not spending. 

Prepare charts and to-do lists and make a saving plan. You must know how much you can spend and how much you must save before your allowance or your earnings are handed to you. Make a timetable of sorts. You can even save daily. Little by little, it will equal to a good sum. Or you could be one of those monthly-saving people, who save half of their savings and spend the rest from whatever cash they make.

Making a saving plan is a must.

And finally, you need to lessen your expenses. Be they books or whatever you're addicted to, too much of something can prove unhealthy. Not books, of course. I take it back. You need to minimize the amount of cash you spend on a usual basis. Start by subtracting small amounts and then increase the number you distract every other month. After a year, you'll be surprised at how far you've come and how much you've saved. 

Happy saving!