Wealth Management: Why is cash flow planning important?
Managing cash inflows and outflows is the first step to have a better understanding of your financial position.
Proper management of your cash flow would allow you to utilise any surplus funds to your benefit based on their availability over the short, medium or long term and also allow you to meet your obligations as they become due.
Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)
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