What is Financial Management?
It is the total package of our material well being. Investments are only one part of the package.
- It is personal. Each of us has different life circumstances, financial resources, and financial needs.
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It involves both the present and the future. It is one strategy combining both short-term and long-term goals.
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It requires flexibility. Our needs and goals change over time with our life circumstances.
Thinking in terms of overall financial management allows us to evaluate where we are now and where we want to be in 2 years, 5 years, even 25 years.
- The following is a checklist of things you want to consider when you begin to develop some overall management of your financial practices. Please print it.