As many of us look over our financial picture, we find that we've allowed some bad debt to creep into the frame. And, before we get too far into this post, this isn't going to just be another avalanche (focus on highest interest rate first) vs snowball (focus on smallest balance first) post. My path … Continue reading Debt Repayment: How Do We Do It?
Once we have an idea of how much money is flowing in, we will need to move on to how money flows out. In developing this thing we call cash flow management, often referred to as a "budget", managing our expenses is definitely the part we hate. For me, I would always think of budgeting … Continue reading Cash Flow Management System: Expenses – Part I
Now that we have set up some goals for our money (short-term, mid-term, and long-term) and gotten an idea for how we would use our money in an ideal financial world, it's time to move into the specifics of handling our real-life cash flow situation. As you've probably figured out from this post's title, we're … Continue reading Cash Flow Management System: Income