I manage my own finances and am pretty good in doing it. Maybe once a month I see to it that I take note of my expenditures and the funds that are going into my bank accounts. I have several savings accounts because that is the only way I can keep myself from using them all. I prefer a remote bank so I would not be able to go there easily and withdraw the funds. That is what I have been doing these past few years and it seems effective. I pay my bills outright and never miss any credit card payments because if there is one valuable thing I learned from my siblings, to take care of that first.
Don't get me wrong, I don't hate credit cards. It's just that whenever I hear horror stories about them and the repercussions of bad credit, I just can't stand it. I hate to watch people destroy their careers and names because they did not manage their credit card debt properly. Most financial experts say that it would be better if you only keep one credit card. That is what I'm doing now with my current bank. I advise people who are in bad debt to get some way to consolidate their debt on instant approval credit cards. After fixing their finances, they can probably start paying it up until a manageable amount appears on their bills. The next time they think of spending, it should only be within their means. A bad credit standing would only get them in trouble with the law. I suggest they find someone who can fix their problems or get good financial advice when they need it.