3. You should keep a log of your spending.
It is important to write down what you have been spending your money on. You may think you’re only spending a little amount of money on your hobbies, groceries, transportation, etc., but you won’t really know until you log it all. Logging your spending helps you realize what you’ve been spending too much money on, and where all your money is going.
4. You should have insurance on almost everything.
It is important to have insurance because insurance makes the cost of things much lower. If you had to get a major surgery, but you had insurance, then the insurance company would pay for a portion of the cost of your surgery. If you got into a car accident, but you had car insurance, the car insurance company would pay for a portion of the damage.