Knowing where your money is going is very important. You can use an excel template to create an annual cash flow analysis. This will allow you to know how much money you are taking in throughout the year and where it is going. Often times, people get money from more than one job or investments.
Having all the ways that one has income in one easy to read spreadsheet is a good tool. It allows one to be able to organize their cash flow and see which investment makes the most money. An annual cash flow analysis on an excel template is a great asset for anyone.