Managing Cash Flow

The foundation of financial planning is in really understanding where your money is going.  When you know how much is coming in and how much is going out every month, and WHERE it is going, you will then be able to determine what needs to be cut to increase savings.  The key ingredient to any financial plan is saving–how you invest that money is ancillary and not the point of financial planning.  So let’s stop making excuses and start using Mint.com, a notebook or even the good old check registry to track income and expenses and make some meaningful inroads in preparing for our financial future.