Cashflow – sometimes it seems as if your hard-earned cash is flowing away from your bank account rather than into it. It’s very easy to talk about spending less than you earn and saving the rest for a rainy day, but in reality, life often gets in the way. With cost of living pressures and those occasions when all your bills come in at once, your best intentions for spending less go straight out the window. And before you know it, you’re caught in a cycle of your cash being swallowed up almost before it hits your bank account.
We get it. It can be hard. Budgets are all very well, but sticking to them sometimes seems impossible. But despite appearances to the contrary, managing your cashflow effectively IS possible – when you have the right advice and the right plan.
Understanding your cashflow is the first step in building wealth. And it’s not just about budgeting either. Cashflow is about creating a plan that assigns your resources to specific priorities, and which outlines where your money will go (for example, savings, day-to-day expenses, investments and discretionary spending). Cashflow management is the process of tracking the amount of money coming in to your household, and how and where you are spending that money.
We can help you develop cashflow management strategies that ensure financial peace of mind. This process ensures that the outcomes achieved from your cashflow plan meet your own and your family’s short- and long-term needs. And that’s peace of mind right there!
Our financial advice experts can help maximise your cashflow by:
- Identifying any cashflow issues
- Finding ways to fund temporary cashflow shortfalls
- Predicting your future cashflow
- Helping you understand your overall financial position
- Helping you track your cashflow and monitor your financial habits
- Identifying opportunities to reduce costs and debts
- Identifying where you should be putting your savings
- Setting up automated transactions
- Creating a viable budget to help you manage your money more effectively
- Creating a savings plan so you can achieve your financial goals
It can be confronting to examine your finances closely – but it can also be freeing. If you’re struggling with a sluggish cashflow we can help you take control which will make a big difference long term. And while there’s no magic bullet to ensure a constant cashflow, there’s certainly tips and tricks that will help. Get in contact if you’d like to discover them – they’ll make your life easier, your cashflow steadier and your stress levels lower.