Do you have control over your finances? Ask yourself these questions: 

  • Do you have a monthly budget that includes all of your basic expenses, your bills, any debts, and your sinking funds for future purchases?
  • Are you currently debt-free? Or are you taking active steps to reduce your debts? 
  • Do you have an emergency fund in place that would allow you to get through a sudden life event without having to borrow money?

If you answer no, then you should take steps to become financially literate and financially stable. Financial literacy means understanding how to manage money well. When you're financially literate, you know how to create a budget, invest, and handle your personal finances. It's a lifelong learning process that helps you build a healthy relationship with money.