4 Tips for Managing Your Cash Flow
I’m always on the hunt for relevant info and I loved this - one of the best articles I’ve seen on this topic for a while. Here are a few paragraphs as a taster...
Financial freedom is certainly within reach of everyday Australians, but unless we learn how to be smarter with our money, we’ll miss the opportunities around us.
Use the following 4 tips and strategies for managing your cash flow; a vital skill if you want to start investing in houses.
1. Measure your incoming and outgoing
The foundation of a good cash flow management system is a means of measuring the money coming into and leaving your possession.
Obviously, budgets are the tool of choice, however what’s more important than picking the kind of budget is actually following that budget.
If you’re detail oriented and want all of the facts, right down to the last penny, the type of budget you use will be different than someone who just wants to know what they can and cannot spend and what to do with the money they don’t spend.
You don’t have to go the old fashioned pencil and paper route…you can use technology to help you stay on top of your finances.
Bottom line, if you’ve been thinking at all about investing in houses it’s important to establish good financial habits so that you can make the most of every penny you invest.
Pretty valuable stuff, I’m sure you’ll agree! Why not check out the whole article here https://www.positiverealestate.com.au/4-tips-managing-cash-flow/ and share your thoughts with me afterwards: call (0400) 032-110 or email me at [email protected].
Thanks,
Bill Mitchell