Budgeting & Cash Flow Modelling
Prosperity Wealth Management provides a comprehensive budgeting and cash flow modelling service that helps our clients identify exactly where they stand with their finances. By dedicating a short amount of time at the start of the financial planning process and updating this information each year with information about your budget, income, expenses, asset & liability values, We can help you find ways to pay off your mortgage or debts sooner, save for holidays and other special events, and prepare for retirement with a clear plan while maintaining your lifestyle and /or building investment assets.
By providing this information, we can model any number of proposed scenarios up to 30 years in the future to advise if your strategies are working and to ensure our recommendations are not just “Pie in the Sky” and “hope for the best” solutions.
We can then plan for the future with great accuracy, reviewing these cashflows each year to provide you with sound information on which to make sound financial decisions.
Some of the modelling we can provide includes:
- Identifying the impact of where to place surplus capital,
- The impact of directing surplus funds to reducing debt ( paying down your mortgage sooner),
- Assessing when to sell investments and the potential impact of capital gains,
- Eligibility for the age pension, and how much, and when,
- Eligibility for the Commonwealth Senior Health care card,
- The impact of Superannuation contributions advice,
- The longevity of personal and Government pension payments
To discuss the options for budgeting and cash flow modelling solutions needs, click here