Manage your monthly accounts correctly!

Month by month account management

The foundation of our system is strategic managment accounts spending. Most of us know how much we earn each year but have no idea what we spend the money on. Like every successful business, we need to constantly monitor income and expenditure while also ensuring that we are making a profit, in other words, saving some money.Account Management Weekly

The issue of a vital spending is to divide your hard acquired money up into small, easily controlled bundles. The first bundle taken out should be savings, a minimum 10% of your gross pay, which is transferred monthly into your cash management account. If you leave savings to what is left over, you will always find that there is nothing left over.

Foundations of money systems

The foundation of our system is strategic spending. Most of us know how much we earn each year but have no idea what we spend the money on. Like every successful business, we need to constantly monitor income and expenditure while also ensuring that we are making a profit, in other words, saving some money.

The issue of a vital spending is to divide your hard acquired money up into small, easily controlled bundles. The first bundle taken out should be savings, a minimum 10% of your gross pay, which is transferred monthly into your cash management account. If you leave savings to what is left over, you will always find that there is nothing left over.

Banking Systems

The system is linked to the use of the transfer account, into which your pay is banked. From there, periodic payments are set up to transfer funds to all the accounts on the 15th of each month. You should maintain a small float in the cash management account and operations account. The main aim is to accumulate as much as possible in the cash management account and use these funds wisely to create wealth.