ATB Wealth Financial Management Fundamentals Guide

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 going

  Understanding your monthly budget and the differences between needs, wants and financial goals.
  
  

• Understanding what you need to do to take control of your finances

  How to set short-term and long-term goals and strategies to achieve them.
  
  

• Tracking your progress

  Understanding your net worth and keeping track of it.
  
  

• Strategies to keep you successful

  Tips on controlling your expenses, saving for the future or a rainy day, and managing credit and debt.