We should know how to segregate our regular expenses & prioritize them as per our need. Recently the COVID-19 consequences showed us the actual scenario to deal with it. https://youtu.be/0HrmhQp-4wo

Let's discuss it further the important topics on how to focus on managing expenses & its benefits:-

1. Segregate regular expense- It helps us to prioritize our expenses & reduce unnecessarily billings.
2. List of wants which may not so important-It helps to settle budgeting.
3. Save money-It helps to have something for emergencies.

Further idea can be cover-up through my attached link. Kindly use that resources for further assistance.