![]() Some people almost exclusively use credit cards to make purchases. Technology and finance industry “innovations” now have created myriad ways for people to purchase the goods and services they need in life. Financial Technology’s Mixed Impact on Cash Flow Management In 2021, it’s hard for many people to envision our past economy, in which so many transactions relied almost solely on cash-actual dollar bills transferred from one person’s wallet to a business’s cash register. Yet, keeping up with cash flow has arguably become more complex, if not more challenging, in recent decades. Many elements of personal cash flow management may seem straightforward to an adult who has generated income, paid bills and made purchasing decisions year after year. But the ways in which cash moves into and out of accounts-including unexpected expenses and salary increases or bonuses-eventually will determine how successful someone is in achieving their goals. Even the most impressive budget is limited, though, if those numbers can’t translate into an overall strategy that yields at least some positive cash flow each week, month or year.Ī thoughtful, customized budget may help set people on a path to pursuing certain financial goals, such as saving for a down payment, college or retirement. For many people, this process may start with a budget, some of which will be highly organized and detailed. ![]() ![]() The Limits of a Personal Budget Without a Cash Flow StrategyĪll types of people can benefit from viewing their money through the lens of total cash flow-recent graduates, single individuals, married couples, retirees. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |