Time to take tabs of your finances

The end of the calendar year is a great time to wrap up your financial year. Prepare your profit and loss account, and your balance sheet. PHOTO | FILE | NATION MEDIA GROUP

What you need to know:

  • Comparatives give sufficient information to draw a trajectory of where your finances are heading. They allow you to join the dots.
  • Be honest when rounding up the figures. Do not overvalue your assets or push some liabilities under the rug. You can lie to anyone but you should not lie to yourself.

My mind is gradually shutting down for the Holiday season. Goodness. The words on this page are dancing as sleazily as I will on the New Year.

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