Key considerations for personal cash flow management include the following:

· Projected income, taking into account the general economic environment and specific factors such as the viability of one’s employer or business, and one’s ability to continue working.

· Fixed expenses, such as rent, mortage, utilities, health insurance, life insurance, etc. These can be modified by moving to a larger or smaller home, or changing the family configuration.

· Discretionary expenses, such as travel, entertainment and spending on things that are “nice to have”, but not “need to have”.

· Taxes, which are a function of one’s income and investment strategy

· Investment strategy, which has an impact on future income and current taxes