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life.
Step 3 : Create a filing system to track your monthly revenue, including income and expenditures. This means
setting up individual files for each item:
Set up files for all of these items and remember to keep separate files for personal income and expenses and
business revenue and expenditures. Even if you don’t have any entities now, you will as the process continues. It is a
good idea to make copies of your important documents—for example, wills, trusts, deeds, and stock certificates. File
the copies and store the original documents in a safe deposit box.
Step 4 : Good record keeping is an essential part of sound financial management. Make the following list of all of
your important documents and account numbers and their locations.
