If you earn a good living, enjoy a comfortable lifestyle, and appear to have no financial worries, it doesn’t always mean you’re good at managing your money. It may just mean that you’ve figured out how to earn well.

Two ways that you can improve your money management skills are to get better at managing your credit cards and get at planning your retirement.

Get Better at Managing Your Credit Cards

Most people who have access to credit cards don’t know how to manage them properly.

Since it’s possible to make expensive mistakes with credit cards, here are some tips to help you manage your credit cards better:

1. Avoid making late payments. Pay down your balance as soon as you can, ideally within 30 days of receiving the first payment. Use your credit cards responsibly: don’t use them for more than what’s necessary for covering your day-to-day living expenses.

1. Learn how to manage multiple credit cards. There are many options available to make it easier for the consumer to manage a wide range of credit cards, and you may want to try using a credit card management app to manage all your credit cards in one place.
2. Be careful with your spending. It can be tempting to squander your credit card rewards by spending on things that don’t truly deserve the money. The simple fact is that not every purchase makes for a good credit score. But, more often than not, it’s just a matter of being smart with your cash. If you’re careful with your spending, you can build up your credit history over time while still enjoying the perks of a good credit card.

Get Better at Planning Your Retirement

Retirement planning can be tricky. It requires a range of smart retirement goals based on an understanding of inflation and your personal situation at retirement.

People who fail to plan for retirement often have to take jobs with low pay just to pay for rent and groceries, settling for jobs that do not provide enough for an adequate standard of living.

You need to think about if you have enough money set aside for your future even if your retirement is a long way off in the future. If you have time to plan and save, it’s never too early to start. Saving more than you earn is the key to growing your retirement nest egg. After opening a Roth IRA account at a bank or a brokerage, your savings will make it possible to invest in mutual funds, stocks, and other ways of investing.

Also, focus on getting better at improving your investment returns, and the best way to build wealth is to follow better strategies, like the following:

1. Think long-term. You should have a long-term view and a long-term commitment. The best way to do this is to avoid getting emotionally involved in short-term issues that will hopefully pass.

1. Question any financial advice you receive. Investing advice can be found everywhere, and many successful people know what it takes to achieve results. But, regardless of who gives you advice, avoid the risk of accepting bad advice. Ask questions before jumping into anything.

1. Diversify your money. Diversifying your money is one of the most important things you can do for your long-term financial security. When you diversify your investments, you keep more control over how your money is using up space in your asset pool. Also, diversification gives you more hope for better returns because the market moves in the long-term and you don’t want to be stuck holding bad investments for very long.

If you’ve figured out how to earn well, you’ve got half the wealth equation done. The next half is managing your money better. You’ll be amazed at what a difference this skill makes in further improving your financial life.