Cash Flow Planning
Discussions about cash flow are usually related to businesses’ bottom lines. Cash flow, in the business sense, is about creating value by maximizing the amount of cash coming in (income) and minimizing the amount of cash that goes out (expenses) while also planning and preparing for what is coming in the future so the business has cash on hand to grow. The same principles apply to your personal financial situation. Just like a business, understanding and taking steps to improve your personal cash flow situation will help you:
- Add to your cash reserves and short-term savings
- Build your long-term investment portfolio
- Experience the joy of purposeful saving and spending
Our personal financial planning services in Georgia provide advice and tools to improve your cash flow and prepare for today’s expenses, set aside money for the future, and select the investment tools to make the most of your money.
Cash Flow Planning for Financial Security
At its most basic, maximizing your personal cash flow means developing an understanding of:
- Where money is coming from, and how much comes from each source
- Where money is going and for what purpose
- How much money you need in the future based on your financial goals
Cash flow planning is about more than creating a spreadsheet of your monthly expenses or tracking what you spend in an app. It’s a forward-looking plan that allows you to evaluate your current situation as part of a large picture that includes your whole financial future. Someone who has positive cash flow today and a surplus to put into savings and retirement, but who knows that their child will need some help paying for college in the next five years, will need more than just a monthly budget to properly prepare.
Strategize and Plan Your Cash Flow
Much about your financial future cannot be determined today, but that doesn’t mean you cannot plan for what is (or could be) coming. Cash flow planning with our Certified Financial Planner practitioners in Georgia is the framework that will help you manage the known and the unknown, so you are in a better position to build wealth over time. We will provide a one-page plan for your:
- Debt payments
- Taxes
- Monthly expenses and income
- Savings and investments
- Irregular or unexpected expenses
- Future purchases or non-financial investments (education, family vacations, starting a business)
Taken together, our team helps you figure out how to satisfy your current cash flow needs while also strategizing about how you will save for the big-ticket items. Your financial planner is there to make sure that your current and projected future financial situation aligns with those goals and that you are balancing your short and long-term goals monthly.
Request a copy of our article, “The Ten Things You Must Do Now to Secure a Brighter Financial Future”
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