First Step Of Financial Planning - Cashflow Management  Jun 07, 2018

Managing cash flows is a challenge for many individuals. Even after earning a decent income, many individuals struggle to maintain positive cash flows.

A key reason being their desire to own things betond their means. Hence it is important to draw the line between what is affordable and what is not to keep personal finances under control.

Remember, if you are not living within your means, you may possibly get into a debt trap. For that, you need to learn and distinguish between needs and desires so as to be able to comfortably manage your finances or cash flows better.

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