Genome Blog / genome update / Genome’s month in review: August 2024
Aug. 30, 2024
It’s the start of back-to-school season! And what better way to educate yourself on financial services and solutions than reading Genome’s dedicated blogs? Find out what new articles we shared in August below!
Consider getting a current account
Current accounts are the basics of banking, one of the first things people get on their financial journey.
If you didn’t know, a current account is a no-interest deposit account designed for everyday transactions, offering unrestricted access to funds.
Interestingly, various types of such accounts exist, including standard, packaged, premium, joint, and foreign currency accounts. Our team describes all of these, as well as the benefits of current accounts, in our dedicated article.
Current accounts are accessible to individuals and businesses – see for yourself by applying for an account at Genome, if you haven’t already!
Learn how to forecast your cash flow
Businesses need to deal with their cash inflows and outflows every month to keep their operations afloat. Another important part of it is actually forecasting your cash flow for upcoming weeks and months.
If you want to learn how to do it, our team has an article just for you! It explains cash flow forecasting and outlines the steps to create a forecast, such as gathering financial data, estimating inflows and outflows, and calculating net cash flow.
The article also discusses different forecasting methods, like the direct and indirect methods, and suggests tools you can use for this purpose!
Uncover 10 steps to financial security
Having a stable income and enough money saved is something that most people strive for! But how can this be achieved? We’ve got you covered!
We outlined 10 essential steps to achieving financial security, which include creating a budget, building an emergency fund, reducing and managing debt, and establishing stable income sources.
These steps collectively help people attain financial stability and independence, ensuring peace of mind and a secure future.
