Time for a Financial Health Checkup?

Growing your money begins with managing cash flow every month. Sometimes there are those fortunate one off capital gains from selling an investment or a home, or a bonus from your job that catapults you ahead on your financial journey, but good old positive cash flow each month helps you regularly set aside money to grow. Calculating cash flow will also help you to earn and spend on a more conscious level that carries over into your daily life decisions and money habits.

Create a very simple monthly cash flow statement for your family or household. This will help you to think of your own finances as a little business and help everyone to focus on the wellbeing of that business. Remember, think of yourself as CEO of that family business; your job is to make sure that the company not only operates at a profit, but also grows capital, which is the savings that you accumulate to invest that will compound and grow.  The mission of your company is to maintain good financial health and reach your financial goals.

Your family cash flow is simply the money coming in and money going out each month.  You can easily create a simple monthly cash flow statement that you can complete each month.

Remember, financial health begins with paying attention to cash flow. Once you have a better awareness of your spending, those daily little spending decisions will automatically be easier because you are on a path toward your financial goals. Create a simple cash flow statement today and see how you are doing for April; this is the perfect mission for financial literacy month.