- Understanding Your Cash Flow
- Determining Your Family's Income Needs
- Emergency Funds
- Business Cash Flow
- Record-Keeping
- Common Expenses to Keep Track Of
- Prepare Daily, Monthly, and Annual Records
- Profit and Loss Statement
- How Long to Keep Business Records
- Finding Someone to Do Your Paperwork
- Budgeting for Your First-Year Costs
Managing your cash flow and debt allows you to reach more of your financial goals than would otherwise be possible. The best single strategy you can employ is to be certain that your spending is consistent with your goals. Having an accurate cash flow statement can:
- help you understand your planning opportunities
- show where you are spending your money
- tell you how much you are saving every year
- give you an indication of whether your spending and saving habits are in line with your goals.
The purpose of making detailed projections of anticipated cash flow is to highlight any point in the future where you will come up short, so that you can take steps in advance to prevent that occurrence. Your financial professional can determine how much income will come from current operations and how much will have to be borrowed to meet your budgeted cash needs. Another benefit of evaluating your cash requirements is that you may determine there are certain areas where expenses can be trimmed.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
