2 responses to this post.

  1. I’ve always been an advocate of looking at your finances as if you were a corporation– http://thebizoflife.blogspot.com/2009/07/me-inc.html– income statement, balance sheet, cash flow statement to really understand your financial condition. This is easy enough to do with spreadsheets (OpenOffice.org) or even personal finance software (such as GNUCash, though admitted a little tough to get use to using).

    Reply

    • Nice idea. Essentially, all financial systems can be managed like a business (personal finance, nonprofits, . . .). In any situation, you need to meet expenses, have short-term cash flow, and plan for long-term needs.

      Reply

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