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    This document discusses how to manage personal finances through setting goals, tracking net worth and cash flow, and living within your means. It provides steps for setting financial goals, calculating net worth by listing assets and liabilities, and tracking cash flow by calculating monthly income versus expenses. Finally, it recommends ways to live within your means by distinguishing needs from wants, spending wisely by thinking through purchases, and delaying purchases when possible.

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    NORATIKAH DPM4A 1048.pdf

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    This document discusses how to manage personal finances through setting goals, tracking net worth and cash flow, and living within your means. It provides steps for setting financial goals, calculating net worth by listing assets and liabilities, and tracking cash flow by calculating monthly income versus expenses. Finally, it recommends ways to live within your means by distinguishing needs from wants, spending wisely by thinking through purchases, and delaying purchases when possible.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    Noratikah Dpm4a 1048 PDF

    Uploaded by

    nora tka
    This document discusses how to manage personal finances through setting goals, tracking net worth and cash flow, and living within your means. It provides steps for setting financial goals, calculating net worth by listing assets and liabilities, and tracking cash flow by calculating monthly income versus expenses. Finally, it recommends ways to live within your means by distinguishing needs from wants, spending wisely by thinking through purchases, and delaying purchases when possible.

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    © All Rights Reserved
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    of 1

    Chapter 2

    POWER FROM
    01 YOUR MONEY 04
    How to set financial Budgest helps to
    goals
    Step1: Identify and write goals Live within monthly income
    keep aside money or savings
    Step 2: Break up each goals into short term and reach financial goals
    long term prepare for financial emergencies

    02 05
    Calculating net worth Tracking your cash flow

    Step 1: List the things pf value that you own Total cash recieve during the period
    Step 2: Total up you assets MINUS
    Step 3: List things that you owe to others Total cash outflow during the period
    Step 4: Total up your liabilities EQUALS
    Step 5: Assets minus liabilities cash surplus or cash deposit

    03 06
    Way increase net worth live within your means
    1. Needs and wants
    Increase your saving spend money based based money you have
    Cutting down your spending 2. Spend Wisely
    Reducing your debts When want to busy something ask yourself wether you
    Selling some non income assets need and can afford it or not
    3. Delay purchase
    Take time wether its necessary to spend money on it or
    not

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