Imagine feeling on top of your finances. Knowing you’re in a position to enjoy your life today, while also saving for tomorrow.
If that sounds good to you, you’re not alone. In a recent survey, 54% of Australians aged 55-64 strongly agreed they’d like that too (i).
Yet, many of us don’t feel like we’re in that position. Financial stress is actually so common that 24% of Australian employees are affected by it (ii). And it can have an impact on all areas of life – psychological health, morale and the ability to fulfill day-to-day responsibilities.
A better cashflow could help
Your cashflow is the amount of money that’s coming in and going out of your bank account at any point in time. It’s not a measure of overall wealth, but whether there’s enough cash available to meet your expenses, with some left over. If your cashflow isn’t in check, you might find it difficult to pay your bills on time, or end up relying on credit.
Also, cashflow is almost always the starting point for building wealth.
So when it comes to finding ways to enjoy life and still grow your wealth, before you do anything else, it’s worth looking at how you’re spending your everyday money.
Eight steps to improved cashflow
We’re here to help
Contact us today and ask us how we can help you improve your cashflow, and build a plan to meet your financial goals.