(WLTX) -- Most Americans have a hard time understanding where their money goes every month. News19's financial expert Laura-Scharr-Bykowsky shared tips to take control of your cash flow and achieve your financial goals this year.
It is important to create a framework for the cash management process. Start by creating a cash flow plan that aligns with your values and goals. Next, you should review your spending habits from the past to establish where you are currently allocating your money. Now that you have a cash flow plan that is realistic and aligns with your values, set achievable monthly cash flow targets for your flexible expenses and savings.
There is a simple system that also helps hold you accountable. To learn more about setting that system up, visit Ascend Financial Planning.