iQuanti: The sooner you take control of your finances, the more time you have to grow your wealth and meet your financial goals. You don't need a lot of money to get started, either — just a willingness to build strong money habits and be persistent. Try using these four personal finance tips to start working toward your financial future today.

1. Create a monthly budget

A monthly budget lays out all of your income and spending, helping you see where your money is going. Traditional budgeting is one of the most common budgeting methods. It lays out your income and expenses, then subtracts expenses from income to get your leftover money. You can also try the 50/30/20 budget, which allocates 50% of your spending to needs, 30% to wants, and 20% to savings. Regardless of which method you choose, you'll need to figure out the following to make a budget:

• Monthly income: Pay stubs, W-2 forms, and bank statements
• Expenses: Bank statements and credit card statements

Once your budget is in place, you can find ways to cut expenses and set aside money to save. Budgeting apps can help you make and track your budget faster by linking your financial accounts and automatically recording transactions.

2. Pay your bills on time

Paying your bills on time helps you avoid late fees and other headaches. Some bills also help you build your credit score when you pay them on time.

Many bills let you set up auto-pay. This feature will automatically deduct the right amount from your account each time the bill is due so you don't forget. Some lenders also offer discounts for enabling auto-pay. If a bill doesn't have an auto-pay feature, setting a reminder or alarm on your phone can be helpful.

3. Create an emergency fund

An emergency fund is a savings account you set aside in case of accidents, job loss, unexpected medical bills, and other situations. Your emergency fund helps you cover losses from these events without going into debt.

It's generally recommended to put three to six months of expenses aside in your emergency fund. If your income is less stable, aim for six months.

4. Use credit cards wisely

Credit cards can be helpful because you can earn points on your purchases. You can then redeem these points for cash and statement credits, or you can use them to shop. Plus, credit cards can help you build your credit score. But some people misuse credit cards by spending more than they have and getting stuck in high-interest credit card debt.

One way to manage your credit card spending is to only use your card for purchases you would have made anyway, like gas and groceries. This way, you can earn points and build credit without getting stuck in debt.

The bottom line

You don't need to earn a certain amount of money before you start working on your finances. You can begin building great habits today. It all starts with creating a budget, paying your bills on time, setting aside three to six months' worth of expenses for emergencies, and being smart about debt. Stay persistent with these habits, and you'll slowly but steadily watch your financial situation improve.

Notice: Information provided in this article is for information purposes only. Consult your financial advisor about your financial circumstances.