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?
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.
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
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