Financial Planning Guide 2021
Personal Financial Planning
Steps to managing income and expenses include:
- Be realistic when making a budget.
- Identify monthly outflows as living expenses, savings, and discretionary.
- Estimate low for income.
- Estimate high for expenses.
- Track every expense.
- Track income and expenses monthly and review periodically.
- Save for large purchases.
- Save first.
- Budget for fun.
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