📅 2024-09-21 — Session: Structured Financial Planning and Debt Management
🕒 04:35–05:15
🏷️ Labels: Financial Planning, Debt Management, Budgeting, Cash Flow, Savings
📂 Project: Business
⭐ Priority: MEDIUM
Session Goal
The session aimed to develop a comprehensive financial planning and debt management strategy to improve financial accountability and stability.
Key Activities
- Categorized financial accounts for better tracking, suggesting categories such as family, rentals, and taxes.
- Proposed a table structure for tracking debts, taxes, and outstanding balances using Excel or Google Sheets.
- Analyzed debt management and rent collection strategies, providing insights for future financial stability.
- Explored key principles of financial accountability and management, emphasizing cash flow, budgeting, and long-term investment strategies.
- Outlined a six-month financial planning approach focusing on debt reduction, savings, and cash flow management.
- Detailed a plan for reducing debt over six months, including monthly payment calculations and income allocation.
Achievements
- Developed a structured plan for financial management and debt reduction.
- Gained insights into effective financial planning and accountability strategies.
Pending Tasks
- Implement the proposed financial tracking system using digital tools.
- Monitor progress of the debt reduction plan over the next six months.