Budgeting & Cashflow

Our Budgeting & Cashflow service aims to help wealth accumulators get a great start to their financial future.

This service offers many benefits to those seeking to reduce their debt like a mortgage, as quickly as possible and at the same time, to start planning for a secure financial future.

Our Service Benefits

The first step towards any wealth creation strategy is to understand four (4) key principals:

1. Budget & Cashflow Management

  • Creating a budget to understand your net cashflow position (how much money is coming in versus how much money is going out)
  • Monitoring the budget each month to identify any surplus income
  • Allocating any identified surplus income to start a faster wealth accumulation or debt reduction strategy, like paying off your mortgage sooner to save on interest costs

2. Debt Reduction

  • Commence a debt recycling strategy
  • The goal is to allocate the identified surplus cashflow to help reduce debt like your mortgage as soon as possible
  • Save on mortgage interest costs
  • As equity is built up, commence a wealth creation strategy

3. Investment Planning

  • Combine debt reduction with a wealth creation strategy to effectively utilise surplus cashflow to reduce debt and build wealth at the same time
  • As debt reduction progresses, assuming budget is maintained, surplus income is recycled to create an investment portfolio

4. Monitoring Progress

A ‘track to plan’ coaching and reporting service outlines what impact each month’s spending has had on the original plan – whether good or bad.

The monthly report outlines the following vital information:

  • The projected debt reduction term is likely to be positive (+) or negative (-)
  • The projected interest saving is likely to be positive (+) or negative (-)
  • The projected capital lump sum is likely to be positive (+) or negative (-)

As a result, you are fully informed of your financial position, each and every month, which keeps you focused and disciplined in achieving a brighter secure financial future.

Get In Touch

Contact Us

Victoria

Level 17, Como Office Tower
644 Chapel Street
PO Box 6105
South Yarra, VIC 3141
T: 1800 064 959

New South Wales

Level 17,
9 Castlereagh Street
Sydney, NSW 2000
T: 1800 988 141

Western Australia

Unit 16, First Floor
100 Railway Road (Cnr Hay St)
Subiaco, WA 6008
T: 1800 785 855

Queensland

Suite 2, First Floor
280-286 Sheridan Street
Cairns North, QLD 4870
T: 1800 796 096

E: clientservices@primefinancial.com.au