Effectively managing financial institution accounts is equally important as saving money and investing money. Still we don’t usually put much attention to the managing side of personal finance. We concentrate mostly on saving money, opening new investment accounts, saving for retirement and diversifying income, etc.
As a blogger, I haven’t written a single post emphasizing this important need, to of keep track of your money, so far. Long back, I wrote about managing money like a Shepherd, and knowing every details about it. I also wrote about how do I track my net worth and watch them grow but, that was it.