Similarly, in money management, unless you check your expenses and income, you will not be able to move to the next stage of saving and investing. Here is how to do it:To have a foolproof financial plan in place, you need to first start putting your cash flow system in place. You need to keep a tab on all the money that comes into your account, however, small the amount may be. You need to give yourself at least six months to analyse your cash flow order. Further, you will be able to take complicated money decisions once you have your basic money flow in order.

Source: Mint April 16, 2018 12:45 UTC