Budget Planning &
Cash Flow
Management
Get on top of your finances with advice from our budgeting and cash flow management specialists at Elliot Watson Financial Planning.
Regain control of your finances
Have you ever asked yourself this question “where does all my money go?” If the answer is yes, then working with one of our advisers at Elliot Watson Financial Planning could benefit you.
Our team understands the financial pressures that Australians face. They understand that keeping on top of bills can be difficult particularly for young families where they are more likely to have only one income. Working with you, our advisers can help you understand where your money is going and develop strategies to better manage and/or increase your cash flow.
Budgets
Budgets are the most effective tool for getting on top of your bills. A budget doesn’t have to be a scary word it is merely a tool that can help give you clarity. Knowing where your money is going is half the battle. When you know where your money is going you can then make decisions about your spending behaviour.
Our cash flow management advice can help residents in Newcastle and beyond.
Stop living week to week, start saving
Our specialist advisers will work with you, help keep you accountable and provide you with strategies to get ahead quicker. They will assess your current financial situation and guide you on the most appropriate strategies to control your cash flow. They will answer questions like:
The key points to getting on top of your cash flow are:
Client Situation
James and Deanna were a young couple that had been struggling to start a family. The pressure of trying to start a family was having a massive impact on them, both emotionally and financially. Financially their weekly expenses had almost surpassed their weekly income and having a child was becoming too expensive and unrealistic.
It was at this point James and Deanna felt they had no option, but to seek assistance and came to see Elliot Watson Financial Planning.
Solution
Our debt management specialist advisers, developed a personalised long-term strategy that immediately provided $600 per week to fund James and Deanna’s required IVF treatment and freed up an additional $263 per week for the clients to use towards savings for a holiday.
Testimonial
We now have a plan that has got our debt under control, our superannuation accounts are tidied up and we can afford to pay for IVF with savings rather than credit, which is very important to us.
Make More, Spend Less – How to Build Savings in a Tough Economy
At the moment, it may feel like when it comes to expenses, everything is going up. With inflation, interest rates, food and utility costs all on the rise, the pressure may be felt to add a little extra income to…
New Year Financial Health Resolutions
Towards the end of the year, people start to get philosophical about the last 12 months and start to wonder what the new year will bring. A lot of people make New Year resolutions that will improve their lives in…
8 money saving tips to help reduce the cost of living
Australia is known for its high standard of living, but that comes at a price. The cost of living in Australia is notoriously high, and it can be challenging to stretch your budget to cover all your expenses. Fortunately, there…