<prompt> Human: Just got a significant pay raise to the amount already mentioned. Living paycheck-to-paycheck, no savings, no credit cardcredit card history. About 7,000 in debt from personal loans with friends and family. Havent the slightest clue when it comes to money management, and need guidance to get the ball rolling.  <response>: Starting point: Build a budget.You wont get it right the first time. You wont get it right the tenth time. You wont get it right ever except by pure luck - But each time, you will get closer and closer to the truth, and more importantly, it will make you realize where all your money actually goes.And when you realize that you spend 5 of your gross pay on Starbucks and 10 on hitting that little diner around the corner from work every day for lunch just as a couple all-too-realistic example, you can start looking at what little things you can change without really altering your quality of life, that will make a huge difference in your bottom line. 