Cash Flow can be positve or negative. Money flowing into your bank account is postive while money flowing out is negative. The ideal is to have enough positive cash flow to pay for the necessities in life, with enough leftover for emergency, investing, and the ability to enjoy it.
Know the difference between budgeting and being mindful of your spending. Forbes wrote an excellent article to help us understand budgeting https://www.forbes.com/sites/moneywisewomen/2012/10/24/four-reasons-why-budgets-dont-work/#4ec06e4f4e1f.
Many tools are available to help monitor where money is being spent. Chose one that works best for you. Whether you use pen and paper, quicken, quickbooks, mobile apps like expensfiy or professional financial statments, it's important to know where your money is going.
The source of income and source of positive cash flow is determined by the work or careers we choose during our lifetime. The more education or skills we have the more likely we are to earn a higher wage or salary. It is this source that allows us to pay our bills and pay for the necessities of life. The more skills, training, or higher education we have the better off we will be financially. Managing postive cash flow is the first and most important step to being pproperous and planning for retirement.
Know the difference between budgeting and being mindful of your spending. Forbes wrote an excellent article to help us understand budgeting https://www.forbes.com/sites/moneywisewomen/2012/10/24/four-reasons-why-budgets-dont-work/#4ec06e4f4e1f.
Many tools are available to help monitor where money is being spent. Chose one that works best for you. Whether you use pen and paper, quicken, quickbooks, mobile apps like expensfiy or professional financial statments, it's important to know where your money is going.
The source of income and source of positive cash flow is determined by the work or careers we choose during our lifetime. The more education or skills we have the more likely we are to earn a higher wage or salary. It is this source that allows us to pay our bills and pay for the necessities of life. The more skills, training, or higher education we have the better off we will be financially. Managing postive cash flow is the first and most important step to being pproperous and planning for retirement.