You don’t need a degree in finance to manage money well, but you do need to master some basics. The first step is to find out where you stand.

The purpose of a budget is simple: to help you save money for future goals by limiting and tracking what you spend. The process, on the other hand, can feel complex. If, a detailed approach feels more like a burden than a help, don’t abandon budgeting. Simplify it!

When it comes to personal financial planning, you can make mistakes without even realizing it. Let’s take a look at seven of the most common ones and how you can avoid them for a better financial future.