Most people only have one stream of income and that source is usually receiving a salary or wages from working a job. This puts you in a risky financial situation because if that stream of income goes away you are in trouble, especially if you do not have a sizeable cash reserve.
Becoming financially literate is going to make your life much easier because poor financial management is one of the leading causes of stress in the world. Learning how to make your money work for you is one of the most valuable things to add to your life. Decreasing stress and worry over your financial situation is one of the easiest ways to improve your life and focus on the things that really matter.
Mint.com is the best way to organize your finances and if you are not using Mint you are clearly missing out on some critical technology. You no longer have to hoard documents and a binder around. Everything is digital with easy access and analytics ready for use.
Getting your personal finances organized and setting up a budget is the first step you can make to better financial wellbeing.