350 N Orleans St
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.
Are there ways we can earn more interest on our cash?
Where is the best place to put cash for short term and emergency savings?
What resources do we have to contribute to our financial goals?
What is our savings rate?
Where can we capture additional savings?
Items to discuss and review
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
Set a habit to review cash flows regularly
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
Why do we build a Cash Strategy?
A Cash Strategy is a process that helps us understand how much cash we need to maintain to serve our financial plan.
It gives us guidelines and priorities on where, when and how to position excess cash.
It provides a means to understand where, when and how we should liquidate our assets to fund our goals and income requirements.
It can reduce current and future dependence on unsecured debt and credit cards.
A Cash Strategy can reduce the likelihood we will have to liquidate investments at inopportune times or for purposes other than their intended purpose.
It can increase our financial ability to deal with future expenses, planned and unplanned.
It can Increase the rate of interest we earn on cash and cash equivalents