Money Management, Planning & Fiscal Organization
“A budget tells us what we can't afford, but it doesn't keep us from buying it.”
-William Feather
Money Management is more than keeping an account record. It’s an essential part of fiscal planning and cannot be seen as a separate task to be left. It includes planning, organizing, controlling and monitoring the resources in order to achieve overall objectives of money management.
Spending more than you make can be fun for a while, but in the end, it can be misery-making. We have tons of resources created to assist you to develop your own spending plan: a budget. Budgeting is the process of creating a plan to spend your money. Creating this ‘budget spending plan’ allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.
Budgeting is nothing more than balancing your expenses with your income. In case the balance isn't right, you will have a problem. Many people realize late that they are spending more money than they earn and are slowly sinking deeper and deeper into debt every year. Even if you do not have enough money to do everything you would like to do, then planning process is always a safe option to pursue, which will help you process and prioritize your spending and focus your money on the things that are important to you.
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| Photo Credit: http://www.investorsmarts.ca |
- Makes your financial policies and systems consistent over time.
- Gain advantage in competition for increasingly scarce resources
- Prepares you for a long-term financial sustainability.
- Helps you setting your financial goals so that you are able to rationally take the steps to accomplish them.
Money Matters are easier to deal with when things are organized. We talk about financial planning and everyday money management practices here. We, Cedrus Wealth Partners, seek to provide a more holistic approach to your hard earned money and less emphasis is given on product-specific approach- unlike the traditional financial intermediaries. We as professionals, work together in a strategic team approach, thereby solving any possible situation you may have. The more we are aware of your needs, the more we will be able to guide you through this process of target achievements.
We’re sure that you’ll find answers to many of your questions as well as a few you may not have thought of yet. If you have some suggestions or experiences we haven’t touched on yet, we certainly welcome your comments!
Phone No.: +9120-25512163/62
Phone No.: +9120-25512163/62
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