Watch our introductory video to learn the history of cash management and why we
created the First Step Cash Management system.
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.