Let’s face it: not all of us are financial wizards. Some of us are lucky to simply pay our bills each month and, hopefully, have a little left over to save.

But that doesn’t mean we all can’t achieve financial independence. Simple actions can ensure we make the most of our money.

Here are some money management tips from the author of the blog ESI Money, as shared by Rismedia:

Keep an emergency fund: Emergencies happen, as the saying goes. If you aren’t ready for them, you can quickly find yourself in debt. Aim to keep six months of living expenses on reserve at all times.

Have enough insurance: Without insurance, you are at the mercy of random disasters. Protect yourself against the financial fallout by buying life, health, auto, homeowners’ (or renters’), long-term disability and, if possible, long-term care insurance.

Don’t marry a spendthrift: A profligate spender will drag your financial health down every time. Find someone who shares your financial goals and habits.

Save: Aim to save 10% of your salary.

Don’t spend more than you can afford on your home: The ESI Money blogger reminds readers that Warren Buffet lives in “the same modest home he purchased many years ago.” Take a cue from Buffet and don’t let your need to keep up with the Joneses make you house poor.

Don’t take on debt: While it’s tempting to put charges on a credit card, remember that paying off the interest inflates the price of any item. Don’t buy what you can’t pay for at that moment.

Keep a budget: Write down your goals and stick to them. This will help you avoid temptations to splurge and make impulse buys.

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