You have landed at the right place at the right time to get what you want financially. There are plenty of money in this world, every year Governments are printing tons and tons of money, yet only few people have it and remaining think it’s not for them. People say don’t use credit cards, don’t take loans, don’t borrow money…., that’s stupid they are trying to keep you poor always. Do listen to them if you don’t know how to manage your money. But do remember, people became Rich and Ultra-Rich only by borrowing money (debt/loan), however they exactly know how to use them.
Suppose say one day you felt like going to Kashmir from Pondicherry and you just took your bag and started driving to Kashmir. Will this work? Do you think you will reach Kashmir? Yeah definitely it will not work, and you might end up at Pondicherry Beach rather than in Kashmir. Why? Because there is no plan. To make the trip successful you should have to plan for your stay, your travel modes (Flight/Bike/Car/Walk), your food, duration of the trip and very importantly how much money you have and how much you can spend for the trip. This is called Financial planning.
Planning of finances is essential for each and everyone one, be it a school-going kid or a retired citizen. The more early you begin to manage your money the better it is. Let’s suppose you choose not to plan and keep spending as and when you like and one day you wish to purchase a house but then you cannot as you hardly have any savings left. This is what happens when you don’t plan and end up overspending.