In previous blogs I have talked about Cash is King and Budgets - Vital for Everyone. Today I want to expand on this and discuss cash management - one of the most important things in managing your personal and business assets and liabilities.

In my previous Blogs I have talked about Equity and Gearing and Leverage as two important things you should understand when making investment decisions. The third thing you should know is the difference between debt and equity and how this might affect the financing of your investment decisions.

What is a budget? It is your best guess on what you will earn and what you will spend over a defined period of time. Everyone should budget including individuals, groups of people, business and anyone who earns and spends money.