Compare the total monthly family income with total monthly expenditures. If you have excess money after paying your bills you can save or invest it, otherwise, you have to reduce expenses, increase revenue, or do both.

Analyze your monthly expenses, and set priorities in spending. After ...

A liability takes money out of your pocket.

An asset increases the value of your money.

The cash flow patterns of poor, middle-class, and rich people differ based on their assets and liabilities.

Income Sheet:

Income: Money earned from various sources.

Expenses: Mone...

It’s a statement wherein you can jot down your assets and liabilities.

• Pull together your bank statements and other proofs of the liabilities
• List down your assets like the bank balance, all investments, home value, and value of other assets.
• Take a sum of all th...