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Let’s say there are two families living next door to each other. They’re pretty much equal in terms of income—they both have two kids, two cars and a pet. The neighborhood is in your typical middle class community. They both have the money to pay their bills and buy what they need for the family and even take a little vacation every other year. Nothing extravagant. Of course, both families would like to save more but some months they aren’t able. On the surface, everything seems fine and manageable. However, these two families couldn’t be further apart when it comes to the big financial picture. One family is constantly struggling with their money, always thinking about it, and waiting for the next payday. The other family is able to manage their household and get a good night’s sleep.

What makes the difference between these two families where one is doing all right and the other is financially tired? Sometimes the difference is as simple as taking responsibility for your own finances, even at its most basic level – your daily life. The struggling family doesn’t have a budget, nor do they have a regular routine for paying bills. Often times, we get too caught up in spending or finding ways to save that the most basic financial tasks get neglected.

Taking care of the money you have is crucial if you want to minimize or prevent losses. The skills you develop will enable to better manage the money and make wise decisions as it grows. These good money habits will also benefit you if or when you ever experience a crisis—you’ll be better equipped to address the problem. If you’ve ever had the chance to ask a self-made millionaire how they did it, a common thread is that they all probably managed their money personally and paid attention to the fine detail. Take a look at some of these financial tasks and related issues that maybe you’ve been neglecting:

Balancing your checkbook
Paying your bills on time
Matching receipts to bank statements and credit card statements
Cashing paychecks and gifts of money in a timely manner
Using gift cards
Using your change
Counting your money/change after a purchase (before you leave the store)
Clipping coupons and using them
Buying generic when possible
Taking advantage of rebates
Paying attention to local banks and what interest rates they offer
Paying attention to CD’s and renewals
Leaving money around the house, in your car

Remember, get back to the basics! They can play a significant role in how wealth is accumulated.