A lot of people have goals of becoming wealthy in their personal finances or through growth in their business. However, are you sure you’re paying attention the right things to measure your growth? Often times, people make a plan of what to save, how much they want to make, how to cut back spending, etc. but they don’t know how to track their progress against these goals. Ideally you would use a budget to actual analysis but if you don’t have that no worries…. below are 10 key number (5 personal savings, 5 business) that you should review monthly to ensure you’re on track and growing!
Personal Savings
If you are seriously trying to budget and save money, these are key numbers you should review each month:
1.       Income
2.       Expenses
3.       Variance in Expenses month over month
4.       Income vs. Expense
5.       Savings Total

Business Finances
Every business should have a balance sheet and income statement (also called Profit/Loss Statement). Here are 5 things to review from these 2 key financial reports:
Balance Sheet
1.       Equity
2.       Accounts Payable and Accounts Receivable
3.       Cash month over month
Income Statement
4.       Net Income
5.       Gross Margin

Even though your monthly review should not be limited to these 5 things, I think this is a really good start! If you don’t even know how to develop or access these numbers in your personal finances or in your business, click the button below to schedule a FREE CONSULTATION call!!