You have to spend your money wisely. Do not waste your earnings on things that you do not need. You must go for quality but do not pay too much for a product. If you are able to get the same thing in less money, go for it.
Get hold of expenses
This is probably the most important thing to look after. When you are rich, you lose track of your expenses and they tend to pile up. Manage you spending and expenses in an intelligent way and do not make unnecessary hobbies.
Keep track of bills
You must keep track of your bills also as these might hurt you at the end of each month. The bills include the use of electricity, fuel and credit cards. The best way is to not use a credit card. You spend a lot more than you want to when you use a credit card.
To save money is vital when you are rich. You do not know what will happen in the near future so you should always be prepared for the worst. Put the money in a savings account or make some secure investments.
Shopping cannot be avoided especially when you are amongst the elite in the society. However, you can shop wisely by buying the things you want from a decent store rather than going for a highly expensive brand.
Avoid extravagant purchases
Extravagant purchases should be avoided. These include jewellery, watches etc. You must buy them but not frequently. Once in a while is always good.