Cash Flow Management
|Written by: Doris Dobkins |
Submitted On: 3/2/2004
|True financial planning involves learning how to handle your cash flow.
It involves setting some personal goals and objectives and then making sure
your money management methods will help you achieve them.
The lack of knowledge and discipline is what keeps people from properly
managing their cash flow. Taking some time to learn and then implement
simple money management tips is important.
I'm going to share with you right now one of the simplest and easiest
ways to demonstrate control over your cash flow. This is a guaranteed
way to make you feel in charge of your finances.
Each month, starting this week, have 10% of your money AUTOMATICALLY
withdrawn from your paycheck or checking account before
you see it or have a chance to spend it. When it is set up to be
automatically deducted, it becomes very easy for you to adjust your
spending and forget about it. If you don't believe me, read on.
Think about the last raise you received. How quickly did you adjust to
the increased income? If you're like most people, you were dependent
on that extra income within days of receiving the raise. This is the
same concept but in REVERSE.
Many people will say they can't do this and don't have enough money.
All I ask is that you try it. Without these monies showing up in the
balance, you might just surprise yourself at how easily and quickly you
adjust to this reversal of funds.
This is called "Paying Yourself First" and it works!
If you want to get control of your cash flow and truly manage your money
like the wealthy, then take this first step.
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Doris Dobkins is a money saving expert, author and speaker
and has helped thousands of people find ways to save money
and get out of debt.
If you are in financial trouble and need some direction,
get your copy today of Doris' frugal living home study
course "Get Out Of Debt Now".
Click here now: http://www.creativefinances.com