Behavioural Cash Flow

Change is hard because it goes again our natural tendencies.  It requires discipline and a shift in our thinking. It often requires us to move out of our comfort zone and most people will find themselves hitting a wall.

COVID-19 forced us to think about our spending habits and monthly cash flow to cover our monthly expenses. The Covenant Wealth Financial team introduced a Behavioural Cash Flow Planning into our processes. 

We knew that it was the best that we could offer our clients in helping them to manage their day to day cash flow situation so that they could achieve both their short term and long-term goals. 

Was this transition easy? No, but we were determined to surrender to the process. Once we did this, everything started changing.

As you read this blog post, I hope you will also do the same.

How can a Behavioural Cash Flow plan help you?

The behavioural cash flow is proven cash plan that provides specific steps on personal spending based on a few criteria:

• Income
• Expenses
• Assets
• Liabilities

One of our certified cash Flow Specialist (CCS)

A Behavioural Cash Flow Plan is NOT a budget.  

The cash flow plan is created based on specific needs and clear advice on both spending and debt repayment.  

• Helps manage day-to-day cash flow
• Considers financial obligations 
• Provides guidance on a future large purchase
• Steps to keep your expenses in check

How Can A Behavioural Cash Flow Plan Benefits You?

It will help you to;

• Find the money to fund your dreams
• Show you how to save tens if not hundreds of thousands of dollars in inefficient interest.
• Stop money leaks on stuff that doesn’t really matter so you’ll have the money for stuff that does.

A Behavioural Cash Flow Plan will help if you;

• Have you ever felt that your financial goals or dreams are not 100% funded?
• Do you feel like you make great money but are unsure where it goes at the end of every month?
• If you could make your money do anything in the next 12-18 months what would it do?

Conclusion

The next step is simply stepping out of your comfort zone and allowing the Behavioural Cash Flow Planning process to show you a better way.

Contact Covenant Wealth Financial to learn how a Behavioural Cash Flow can help you achieve financial success.