Watch our introductory video to learn the history of cash management and why we
created the First Step Cash Management system.
The Key To Financial SuccessThe key to financial success is adopting a cash flow plan that will guide your financial decisions on a day to day basis. In addition, understanding and controlling how money flows in and out of your life will free you from financial stress and empower you to achieve your most important life goals
The New Science of Smarter SpendingIf you think money can’t buy happiness, you’re not spending it right! At least, that is the conclusion of researchers Elizabeth Dunn and Michael Norton, two rising stars in of the world of behavioral science.
The First Step Cash Management System™ is an operating system for making decisions
about life and money. It is a simple and effective way to manage expenditures, reduce
debt, increase savings, and fund important life goals. With First Step, income flows
into three "buckets", with each bucket having a specific use or purpose.
Past Commitments: what you spend, on a monthly basis, to cover
regularly occurring expenses like rent or mortgage payments, utilities, gym membership
fees, and other commitments such as credit card debt and car payments.
Present Choices: what you typically spend, on weekly basis, to
cover your unique set of lifestyle expenses such as gas, groceries, eating out,
entertainment, and recreation.
Future Needs and Wants: what you save, on a regular basis, to protect
yourself from the unexpected, fund special purchases and events, and achieve your
short, intermediate, and long-term financial and life goals.