The problem is, how can you take concrete action if you don’t know your current financial situation? How much is your monthly income? From what sources? how to spend? more or less? What is the value of the investments currently held? profit or loss?… Therefore, before starting to have your own financial plans, you need to set up a system of recording and statistics of your own financial activities so that you can use them for your own financial activities. analysis, evaluation and decision support purposes.

The most important thing to know about personal finance is cash flow management. cash flow management is all about how to manage your money, and where is your money going.

Personal finance includes tax planning as well, but many people overlook it. With the right approach to taxes, you may be able to keep more of your money.

Money management includes long-term financial planning, but it often gets overlooked. Invest in long-term goals like retirement and college tuition for your children as well as for emergencies.

I hope you might have gotten an idea of what you are looking for, if still, you have any queries then please let us know, visit us on Certified Financial Planner to get the detailed information.