You must have a complete picture of your personal financial situation before you can do financial planning. You can plan, but until you are in a positive funds flow, you cannot enact any of your designs.
So, the first thing to do is calculate your net funds flow. Total up all you owe, and all you earn. You can also calculate your funds via credit card payment calculator. For the “owe” column, include bills, upcoming expected expenses that you will have (like in case you are expecting a infant), and normal living expenses like food, gasoline, medical, and clothing expenses. … Read the rest