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 people can meet their financial goals, such as buying a home, funding education, or preparing for retirement. Common financial practices also involve tracking expenses and income, which can be done through tools like spreadsheets or financial apps. Additionally, understanding concepts like interest rates, credit scores, and diversification in investments can enhance financial decision-making. By adopting sound financial practices, individuals can achieve greater financial stability and security.