Managing “Cash on Hand”

Handling Your Cash

Budget Girl discusses how we manage cash on hand. She gives a brief tutorial on how it helps us to manage our spending and understand where our money goes at the end of each month.

CFO  (Photo credit: Wikipedia)

This helps us to tweak the budget for the up coming month if necessary.

Imagine if you were the Chief Financial Officer (CFO) of your company and you couldn’t tell your share holders where, when, and how you spent the company’s money. If you find that idea unthinkable or inexcusable, why do you manage your money that way? This is the very question we’ve had to ask ourselves at one point. Do yourself a favor and know where your money is going!