Tracking your income

Tracking all your income and expenses can seem to be a daunting task, but once a simple system is in place and it is used frequently, it should not consume too much time to maintain it. – Quoted from: Personal Financial Management...

Financial Planning

Short-term financial planning is aimed at things which you want to achieve immediately or within 3 to 6 months. – Quoted from: Personal Financial Management...

Managing your Income

In planning and managing your income and expenses, you need to be able to identify what needs you have and what wants you have. – Quoted from: Personal Financial Management...

Needs and wants

The things which you need, must take preference over the things which you want. In order to get the things you want, it is necessary for you to be able to plan and save for them. – Quoted from: Personal Financial Management...

Solvency

The basic idea is to spend less than what you earn and earn more, than what you want to spend. – Quoted from: Personal Financial Management...