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How to Stay on Top of Your Private Finances with a Cash Flow Plan
Why not apply some entrepreneurial logic to your household? Here is a step-by-step approach, consisting of a playbook and an Excel template.
Why Bother with Cash Flow Planning in a Private Household?
Cash is king — an old saying that nothing else matters in business. No cash, no business.
The same is true for your private household: No cash, no food on the table.
Nevertheless, so many companies are fueled by investor money, and so many private households are running on mortgages and debt.
Don’t get me wrong, I’m not against investor money or debt in general. But looking at the current economic times, I think it’s worth considering changing our financial behavior, both for businesses and private households.
Every entrepreneur maintains a cash flow plan — no matter if your company is VC funded or bootstrapped. However, how many private persons do you know who maintain a cash flow plan for their household?
Well, why not apply entrepreneurial common sense to your household? Many household budgets are comparable to a small business, and running a household…
