Without the right kind of planning, it is only too easy to splurge, lose track of debt and default on bills. Not only is it important for people to track their investments and savings, they must also keep a close eye on their spending in order to break even at the end of the month. Personal money management has now become a valuable life skill. Wealth management is no longer limited to the domain of large corporates and accountants. In the current global economic situation, there is nothing more important than effective financial planning.
