Cash Flow Management
Cash flow management involves tracking income and expenses to ensure financial stability. Effective budgeting helps allocate resources towards immediate needs, discretionary spending, and long-term goals.
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Reviewing Income :
Identify potential overspending or inefficiencies
Develop Customised Budgeting
To balance essential expenses, savings, and discretionary spending
Tracking and Monitoring Tools
to track cash flow and set realistic financial goals.
A fresh graduate in Klang Valley earning RM3,500 is juggling education loans, family support obligations, and daily expenses. Despite aspirations to save RM500 monthly for emergencies, they find themselves struggling to meet this goal due to unplanned discretionary spending.
Do you have a well-defined budget to prioritize necessary expenses?
Are you monitoring your spending to identify areas of improvement?
Have you factored in debt repayment as part of your financial plan?
A freelance photographer in Melaka earning between RM2,000 and RM8,000 monthly faces inconsistent income. They aim to build a financial cushion equivalent to six months of expenses but often dip into their savings during low-income periods.
Have you set aside a fixed percentage during high-income months to stabilize savings?
Are you reviewing your fixed and variable expenses to maintain better control?
Do you have alternate income streams to supplement your finances during lean months?
Situation 1
Situation 2
How can we assist you...
The financial planner will start by reviewing the client’s income and expenses to identify overspending or inefficiencies. They will develop a customized budget that balances essential expenses, savings, and discretionary spending. The planner will also suggest tools to track cash flow and set realistic financial goals. For clients with irregular income, strategies will be designed to build a buffer for lean months.
You didn’t come this far to stop