There are four steps in solving one’s personal financial challenges

Explanation:

Personal financial challenges are the difficulties that a person face to manage his money. A person manages money to save it for the later use in the future. There are many steps involved in solving one's personal financial challenges. They are as follow:

Write down the expenses.

Allocate budgets for your expenses.

Cut down the spending wisely.

Pay attention to discretionary spending.

There are a lot more steps that can solve the personal financial challenges like you should go to the shopping alone, make a list of things you need and buy only those things, try to always shop from sales and offers, always spare an amount to set it aside to be used in case of emergency, spare some amount for saving which is to be used to do some investment, etc.