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Personal Finance & Money Management Roles & Responsibilities Defined

May 4, 2020
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| finance

The business of managing personal finances comes with myriad tasks. You earn, you pay bills, you invest, you write checks, you plan, you, you, you…. I think you get the idea. Handing the finances can be a lot of work for you. These tasks involved can be grouped into into three distinct and different roles that are similar to ones you might find in any professional business. I refer to the roles of my personal finance and money management business as the Money Leader, the Money Manager and the Money Handler.

The Roles.

The Money Leader provides the strategic leadership, vision, purpose and goals for your financial operations. He is your business’ chief executive officer. If we make the analogy that successful money management is like a trip in your favorite automobile, the Money Leader decides: Where are you going? What stops along the way should you make? When will … Read More

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