Final answer:
To remove the "management by crisis" from your finances, you should engage in financial planning, budgeting, and have an emergency fund.
Step-by-step explanation:
To remove the "management by crisis" from your finances, one effective strategy is financial planning. Financial planning involves creating a detailed plan that outlines your income, expenses, savings, and investments. By having a solid financial plan in place, you can avoid unexpected financial emergencies and have a better understanding of your financial situation.
Another important tool to remove the "management by crisis" is budgeting. Budgeting involves setting limits on your spending and tracking your income and expenses. By creating a budget and sticking to it, you can ensure that you are living within your means and avoid spending more than you can afford.
An emergency fund is also necessary to remove the "management by crisis" from your finances. An emergency fund is a savings account specifically set aside for unexpected expenses, such as medical bills or car repairs. By having an emergency fund, you can handle these unexpected expenses without going into debt or relying on credit cards.