Financial practices refer to the methods and strategies individuals or organizations use to manage their money effectively. This includes budgeting, saving, investing, and spending wisely. Good financial practices help ensure that resources are allocated efficiently, debts are managed, and financial goals are met. Common financial practices include creating a budget to track income and expenses, setting up an emergency savings account, and investing in stocks or bonds for long-term growth. Additionally, regularly reviewing financial statements and seeking advice from a financial advisor can enhance decision-making and improve overall financial health.