Cash flow management is understanding where your money comes from and where it goes.
Look at Gross
Income before taxes and deductions (know how much the taxes really
Social Security, Medicare
Determine after-tax income
Gross Income less taxes = Net Income
Then look at:
|Regular monthly living expenses||Variable living expenses which are not monthly||Investments|
|Food||Property Taxes||Mutual Funds|
|Clothing||Auto Insurance||Deferred Annuities|
|Transportation||Vacation Allowance||Stocks & Bonds|
|Medicine||Estimated Taxes||Real Estate|
|Housing||Insurance Premiums||Permanent Insurance|
|Utilities||Car Registration||Retirement Plan|
Are you profitable?
Next Risk Management