Entrepreneurs, regardless of the size of their businesses, must know how to go about personal financial planning. Owning a business does not give them a protection against unforeseen bankruptcy or monetary challenges in life. Just like employees, they may lose their source of income any time. Utmost preparation must be done to keep this from happening. Perhaps, you want to be an entrepreneur in the near future . You would definitely need effective tips on saving money in order to achieve any of your financial goals. Read the rest of this article and take note of the useful ideas you would come across. Before we go on to the specifics, let us first have a clear definition of personal financial planning. This is the process of handling one’s finances effectively. This is done by an individual with his short-term and long-term financial goals in mind. While this process implies saving or savings, an individual’s financial goals could also be in the spending side. An e...