Cash Flow Planning For Life
- Tags:
- Cash Flow,
- Charles Schwab & Co. Inc.,
- Finance,
- Financial,
- Financial Accounting,
- Inflow,
- Operational Accounting,
- Personal Finance
- Source:
- Charles Schwab
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Overview: The most basic aspect of financial fitness involves planning for adequate cash flow to cover ongoing expenses and major purchases. Financially speaking, life can be viewed as a timeline with a series of cash inflows and cash outflows. For adults still relying on wages to provide income, prudent cash flow management helps facilitate the savings and investment needed to achieve the overriding goal of an increasing net worth over time. In turn, an increasing net worth leads to the fulfillment of life's most important long-term financial goals - buying a home, providing for a child's education and funding retirement during a time when you're no longer willing or able to rely on wages as a primary source of cash inflow.
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Format: HTML | Date: Feb 2008 | Pages: 6
