Strategies:

1) Track your Income

2) Identify Fixed/Variable expenses (framework like: 50% Needs/30%

wants/20% Saving rule)

3) Financial literacy education is increasingly part of high school curricula.

Spending Behavior:

- Spending in wants rather than needs (clothing and overtaking food)

- Entertainment, video games, online shopping without need.

- Influential behavior (by actor/social media influencer...)