By Stephanie Holmes-Winton
Some people say managing your cash flow is as simple as spending less than you make. But cash flow planning is about a lot more than simple math.
Here’s the good news: all you need to start managing your cash flow is a written plan.
A IS FOR AUTHENTICITY
No matter what your income is, you can follow a cash flow plan. In fact, this method of financial management is highly efficient even for those who have high incomes.
Often, even advisors who are helping clients through the process commit to their own cash flow management plans. That way, they can answer clients’ questions and understand people’s challenges throughout the process.
Statement of Commitment to Clients: My commitment to you is to act with the care and diligence of a reasonable and prudent person conducting his or her own financial affairs. Statement of Financial Advisor Role: We believe our best tool is the ability to ask questions. While financial problems may be complex, the solutions often are not. There is strength in simplicity for most clients.