I want to impart you guys what I’ve read on Citibank, this is about managing your cash flows and how you’ll be able to manage and maximize your finances. Here’s what I’ve read:

• Always have an accurate idea of your cash flow and/or net worth before setting your financial goals. (this is very essential for those who want to take risks in business. Before you unleash money, make sure that you know how much exactly your money and your net. Think if its enough and if your other expenses will not be affected.)

• Review your cash flow each month. When you see the monthly pattern, do it annually. If your cash flow is not a positive figure it is better to reduce your living expenditures until there is a surplus available, rather than financing shortfall with loans. (In more shorter explanation,were in financial crisis, manage your monthly income, expend it on important things…only.)

• DO NOT view savings as what is left over from your daily expenses but rather, treat this as a monthly living expense to ensure that your continually building surplus for investments.- (Also, do not include the left over money from your daily expenses in your own savings. Set it aside. Save the left over money each month and use it from buying extra things that you are dying to buy.)