Risk Management

As defined by the International Risk Management Institute, *Personal Risk Management (PRM) is the process of applying risk management principles to the needs of individual consumers. PRM is the process of identifying, measuring, and treating personal risk (including, but not limited to, insurance), followed by implementing the treatment plan and monitoring changes over time.

_{*International Risk Management Institute}

Budgeting is one of the easiest household tasks that should be started and reviewed.  HOWEVER, in today's world of technology, people merely look at their online bank account to see if they have enough money until the end of the month.  Unfortunately, without a budget, there is more month than money thus causing credit card explosions!