Budgeting & Cash Flow Management

Having a strong understanding of your cash flow is really important. Whether it be when you are saving for a home deposit, meeting the living expenses of the family, during retirement or even during time in aged care, having an understanding of your cash flow will allow you to make sound decisions. 

In a short video from moneysmart.gov.au it talks about the simple ways of starting a budget. When you seek advice from any advisor they should be asking you about your spending patterns and will ask you to provide detailed information. 
​

If we take the cash flow management discussion one step further, for cases such as those wishing to retire, we put together a future projections analysis to understand how their wealth may last depending on a number of variables such as how much is available to them, how much they are wishing to withdraw every year and what an assumed rate of return is. Whilst no one can predict the future it is used as a guide as to what someone. 

Please feel free to get in touch if you need help getting your cash flow under control.  ​








​