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Step - 2 Cash Strategy

<strong>What is a Cash Strategy?</strong>

What is a Cash Strategy?

Financial Plans require fuel to keep them going. That fuel is cash.  Having a cash strategy provides clients with an understanding of their opportunities, limits and challenges.  Having a cash strategy is the foundation from which the rest of the plan is built.  


What do our cash flows look like? 

How much cash do we have on hand today?

Where can we get meaningful returns on cash? 

How much cash should we have for emergencies? 

How much cash should we have to fund short term goals? 

What do we do with excess cash?  



Schedule Cash Strategy Meeting
<strong>Phase Two Objectives</strong>

Phase Two Objectives


Information required to support building a Cash Strategy 

Complete Cash Flow Questionnaire 

Complete Budgeting Worksheet

Do your best to capture known spending. It's ok if your budget isn't perfect.  We will build upon the information collected to further inform our financial plan.  


Homework

Identify major planned or anticipated expenses over the next 5 years

Start recommended reading

Reflect on spending and discuss planned spending

Identify where you like to spend money and get the most value 

Identify where you do not like to spend money the provides the least amount of value

Add reminder(s) to Tasks


Milestones & Deliverables

Cash Flow Statement

Financial Visibility and Accountability

Establish, refine or change spending and savings goals



Start Budgeting Worksheet
<strong>Reports to Review</strong>

Reports to Review


What will we do to get an understanding of our Cash Flows and Cash Strategy? 

Review eMoney Organizer

Review and confirm contributions to savings and investment accounts 

Review planned spending

Review liabilities and liability payments


Review 5 Year Cash Flow Statement

Visualize our estimated financial capacity

Reflect on current spending and budget


Receive Cash Strategy

Recommendations to fund short term financial goals 

Recommendations to fund long term financial goals 

Recommendations for emergency savings





SCHEDULE CASH FLOW REVIEW MEETING