Another aspect of financial planning should be ensuring that you manage your debt effectively. You should focus on eliminating personal debt, particularly credit card debt which accounts for some of the highest interest rates you may be paying. Make a list of all your debts and list the interest rate you are paying on each […]
The second step to developing your financial plan is to take a look at your cash flow by examining your current income and expenses. This also helps in identifying those expenses that will not apply in retirement ( 401k, mortgage payment) Estimate Income (salaries,, investment income, rental property income etc. Estimate Expenses ( savings. housing,
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