Question

When faced with balanced your financial life, which is an effective first step?

Answer 1

Take out additional loans at low interest rates. Notice what you spend your money on, list areas where you can save. Get a job that can impact your ability to study.

Answer 2

I think the first step is to write down all your money's outputs and income. Separate the fixed outputs (like rents, transportation, bills, etc...) and the flexible outputs (food, clothes, leisure, etc...)

After keep tracking of all expenses for a few months you can evaluate better your financial life and make plans for the future.