Cashflow Management
Earning good money but not sure where it goes?
Cash Flow
Cash flow management and Money coaching is integral to the Family CFO Service.
This service will provide you with the benefits of an organised cash flow system, so critical for personal financial success. You’ll understand where your money is going – and where it needs to go to help you achieve your ultimate life goals.
Where financial advice is about long-term planning and life’s major financial decisions, money coaching is more about your cash flow and spending habits.
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What does it give you?
Your own Money Machine – a personalised and automated bank account structure;
Set you up with your very own Wealth Portal that you can access 24/7 that securely links your bank accounts, assets and liabilities with automatic updates and transaction reconciliations. This will help you keep track of your cash flow and for you to watch your wealth grow;
A budget template for those who love a spreadsheet! Or a cash flow report from your Wealth Portal. This is to show you how much you are spending now, and how much retirement income you will need;
A time and place to feel comfortable talking about money and your spending habits;
Optional Cash Management Account service, to provide you with more accountability by helping you spend within your means and save for those important goals; and
With your approval, collaborate with an external money coach to tap into your money values and money story – the emotional side of money – who is a bit like a life coach but for money.
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The benefits
Identify your money values and overcome conflict if you and your partner have different attitudes to money;
Be motivated and empowered to achieve savings goals;
Understand your childhood money memories and how to remove any blocks this imposes on your adult attitude to money; and
Release funds to invest and save for the finer things in life.
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Wealth Portal
We choose Myprosperity for the Wealth Portal.
Your wealth portal
Here is a video about the Wealth Portal with Myprosperity we will set up for you, with your permission.