When it comes to savings and spending plans, we normally receive questions such as:
Will I have enough money to stop working when I want to?
Am I going to run out of money in later life or can I spend more now?
Are my family going to be financially secure if I go into care or die unexpectedly?
Am I going to leave behind a bill?
How can my other savings contribute to my overall retirement income?
What is the most tax-efficient way possible I can take an income?
The Experience of Cashflow Planning
We recently helped a young single professional in her mid 20’s who was looking for guidance on her finances. She had some credit card debt, a car loan and very little savings and was concerned about her financial future.
Her main priorities were to save to buy a house and start a pension and become financially secure. She had not received professional advice prior to this.
Prior to our meeting she filled in some information about her finances (income & expenses) and told us what she hoped to achieve (goals & objectives). We arranged a one hour chat over zoom to review her current situation if she made no changes, and also look at her future financial situation. This was done using visual graphs (or say software) which were easy to understand and she could see she would be in the red (deficit!) if she didn’t start a pension! She was relieved to know that she could address this by starting a pension and it was within her budget.
She was EVEN able to clear off her debt and start a savings plan both short term and long term.
After the meeting she expressed feelings of relief, peace of mind, clarity on her finances, she says she is now more confident with money and about her financial future. She now has a plan which she didn’t have before – GPS for her future!
End of meeting – outcome, debt cleared, pension started, savings in place, plans on insuring her main asset which is her Income (Income Protection), she will be saving tax.
Here is what she had to say about the experience:
“I would highly recommend Sunrise Financial Planning. This team of women fully supported me and guided me through the necessary changes to help me build my future and were incredible to work with. It was empowering to be able to take control of my finances and not have to worry about depending on someone else for financial stability.”
10 Benefits of Cashflow Planning to you:
- Shows you where your money is going and what exactly you are spending it on
- Identifies any shortfalls or deficits
- Helps you set short, medium and long term goals
- Supports you to think about your future, what you want to achieve and when
- Reveals if you need to take more or less risk with your investment strategy
- Shows the impact if your income stopped suddenly (e.g. job loss or illness)
- Highlights what changes you need to make now in your plans to achieve your goals
- You can explore many different scenarios in one meeting
- Shows how you would be affected by a market crash
- You can get started instantly
Why wait? Financial concerns aren’t likely to solve themselves
We are very passionate about Financial Planning and strongly believe this software has the ability to transform the financial planning process for you! It a valuable visual representation of your life and is easy for clients to engage with and easy to understand.
Financial Freedom is possible and we can help you on the right path through our new Cash Flow Planning service. Being aware of your spending is the first step towards helping you achieve your goals.
