Personal finance strategies to manage monthly spending

To address the issue of running out of money by the end of each month, individuals should focus on changing how they manage their finances rather than simply trying to spend less. Often, money is lost through numerous small, unnoticeable expenses such as food delivery, coffee, or small shopping items rather than single large purchases.

Two recommended strategies include:

1. Reviewing the previous month's transactions. By examining bank statements, e-wallets, and online orders, one can categorize spending into groups like housing, food, transport, and entertainment to identify where the most money is being spent.

2. Setting aside savings immediately upon receiving a salary. Instead of waiting to see what is left at the end of the month, a portion of income should be transferred to a separate savings account as soon as it is earned.