The fundamentals of financial management
When it comes to managing your finances, the old expression of “the more you know...” is very true.
Financial management is the process of ensuring your cash flow is adequate for achieving your financial and wealth goals and is the foundation of any comprehensive financial plan.
In this guide, we’ll help you develop your financial management skills with a focus on:
Knowing where your money is goingUnderstanding your monthly budget and the differences between needs, wants and financial goals.
Understanding what you need to do to take control of your financesHow to set short-term and long-term goals and strategies to achieve them.
Tracking your progressUnderstanding your net worth and keeping track of it.
Strategies to keep you successfulTips on controlling your expenses, saving for the future or a rainy day, and managing credit and debt.