When it comes to finding balance in your spending, standard advice says that you need to make a budget. How successful is that? One survey found that 74% of consumers say they have a budget, yet 79% fail to follow it. So, how can we flip the script on this story? We break down how […]
Tag: cash flow
I’m a big fan of cash flow planning. Here’s why.
As a planner working with people in their 30’s and 40’s, I spend a lot of time planning for investments, taxes, and risk management, but today I’m emphasizing the importance of cash flow planning. Cash flow planning is about knowing your income sources and sticking to a spending plan so that you’re able to save! […]
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Financial Planning Tips for Small Business Owners
Note: We are not paid or compensated in any way to promote services or products. Our blogs are intended to be helpful for for readers to make the best decisions for them. Here at Willow Planning Group, we love small businesses because we are also one! Did you know that according to the U.S. Small […]
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Cash flow Planning with “Lumpy” Inflow
I know that I’m a financial planner, but even if I wasn’t I would probably still have a very detailed and thorough cash flow plan. Living without one, for me, is like driving cross country without GPS. We weave cash flow planning into our comprehensive planning process for good reason. During a recent annual cash […]
Coronavirus: How to Handle Your Money
As the “new normal” takes hold, it’s wild to look back and reflect on how much has changed in each of our lives in just six weeks. The response to Covid-19 has changed day-to-day life in so many ways, and it’s an unprecedented, frightening time across the globe. In times like these we realize how […]
Financial Planning on a Tight Budget
Just because you are on a “tight budget” doesn’t mean that you cannot have a financial plan to reach your goals. Begin with looking at your own spending each day, week or month. Having a tight budget might be because you have high fixed expenses. Or, it might indicate overspending. When was the last time […]
Is your cash flow flowing?
Seventy-eight percent of full time workers say they live paycheck-to-paycheck. One of the biggest concerns I hear expressed by my clients is the fear of running out of money between paychecks. No matter your income level, this cash flow squeeze is also often the cause of rising credit card debt or falling behind on utility […]
