Are you always taking one step forward and two steps back in terms of your financial position? Are you struggling to stay ahead; to meet your financial commitments? If you answered yes to these questions, then Centaur Financial Services can likely help. Cash flow and budget advice on the Gold Coast is highly sought after. You’re not alone in your struggle.
We all need help from time to time; you are not on your own.
At some point, we’ve all questioned, where does our money go?
No sooner than we make it do we spend it. It’s a vicious cycle. In some cases, it’s due to low income, but it’s more likely to be a result of living above our needs or poor money management. The good news is; if your struggles are a result of the latter, our expert Gold Coast financial planners can quickly help you turn things around. You may just need a little help figuring out where all your money goes. Thankfully, cash flow and budgeting is one of our specialties.
Does the sheer sound of the word “budget” frighten you? It needn’t! Our team of Gold Coast cash flow and budget advisors take away the stress associated with budgeting. We can provide a clear, easy to understand snapshot of where you are today, and the path you need to take to achieve your financial goals. Don’t think it isn’t possible. We will give you the confidence needed to know it is achievable.
Sticking to a budget, managing your cash flow, and achieving your goals may seem complicated. But if you’re on board; ready to embrace change, you can regain control of your money and start planning for all the things you previously only dreamt of. Old habits can be hard to break, but you’re not in this alone. We’re here for you. We will work with you, help you harness your income, and reach your financial goals.
No matter your stage of life, our focus is to look at what you need today and help you build a better tomorrow. If tomorrow is already here, we can help you manage your cash flow to help make your dream a reality.
Start designing your financial future today with Centaur Financial Services’ Gold Coast cash flow and budget advisors<em>.
At Centaur Financial Services, we understand that you need confidence in our ability to accept our advice. Confidence isn’t built; it’s earnt. Our Gold Coast cash flow and budgeting experts take pride in developing close relationships with our clients; to build trust and gaining your confidence through our comprehensive process. From Discovery and Analysis to Strategy and Recommendation, through to Implantation and Ongoing Advice, we provide complete transparency in every step of the process.
The foundation for financial success starts by reviewing your current spending patterns; to understand how your money flows from income to expenses; to identifying your savings potential. Our goal is your goal; to make your money work better for you.
We are facing unprecedented times. There is no better time than the present to take charge and get on top of your finances. Together, we will identify your goals and devise a realistic budgeting plan that will align you with your goals.
While cash flow and budgeting go hand in hand, they are not one and the same.
Cash flow focuses on how you send your money to reach your long and short term goals. Gold Coast Cash flow planners show you precisely what you can spend, taking into account your debt and assets, retirement, and the impact spending may have you being able to reach your goals.
Budgeting, on the other hand, focuses on the balance of your income minus expenses. The purpose of a budget is to ensure you don’t live beyond your means. Gold Coast Budget advisors look at how you are spending your money; where you are over-spending, and prioritise good debt from bad debt, to reduce spending and introduce saving.
A budget is a simple equation of income minus expenditure, to provide a positive balance; money in must be more than money out. It’s when expenditure exceeds income that we face financial problems, problems that often, only financial planners can solve.
The first step in budgeting is to look at your income. Look at how much money comes in each month. Include your spouse’s income to get a total.
Next, calculate your expenses. Creating a definitive list of all expenses; don’t leave anything out. Items to include are mortgage repayments, rent, credit card and personal loan repayments, phone, internet, utilities (water, electricity), streaming TV services, dining out, entertainment, grocery costs, clothing allowance, car repairs, registrations, petrol, insurances, public transport, gifts and presents, bank fees, prescriptions and medicines, memberships, travel expenses, sports fees, child care etc.
Subtract your expenses from your income, and you have yourself a basic budget. To help get you started, we have developed a kickstart budget spreadsheet, which you can download below.
There are many advantages of budgeting. First and foremost, you can track your expenses to ensure you don’t live beyond your means. You see a clear picture of your total financial situation, whether good or bad and can then make informed spending decisions to work in your favour.
There are only disadvantages of budgeting to those not dedicated to reaching financial goals. Sure, you may not be able to go shopping as often, go to the pub as much, or buy coffee every day, but it’s a small price to pay for financial security in your later years.
Budgeting, however, takes time, and if you seek professional advice, money as well—however, the benefits far outway the initial time and advisor fees.
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