If budgeting and preparing expense sheets sound like tasks only an accountant would do, think again. Keeping track of your personal finances – even if you have an accountant – is important to your financial future. It not only gives you a keen awareness of your money situation, but also increases your chances of making smart spending and investment decisions.

Following these crucial tips will help you create a secure financial future for you and your family.

Make Your Money Work For You

This can be as simple as taking advantage of the compound interest offered by most savings accounts. Making sound investments can help increase your annual income over 5%. You don’t need to invest aggressively to get this kind of return, either. Ask friends and family for referrals to trustworthy broker to help you get started.

Check back each morning the rest of the week for the 3 essentials for managing your money!