It’s becoming more apparent that
owning a home, renting an apartment, using credit cards, driving a
car-which is leased or owned, having stocks, contributing to a retirement
plan-whatever, it all comes down to management of personal funds.
Scheduling a weekly review of debt payments, changes, account balances,
will help you determine what preventive maintenance is required for the
personal & family business. Consumers must be aggressive in their
managing of their personal budget. Once under control-in other words, you
know what you have, where it is and how it’s working for you, you may want
to devote every other week to the budget meeting. The CRA’s (credit
reporting agencies) make it their business to know your business; as do
your financial institution, your credit card companies, your creditors,
and any other entity that has a stake in your financial behavior.
Please make sure you know your own business.