Budgeting & Cash Flow Browns Plains

Budgeting & Cash Flow

It is just not possible to build your wealth if you are spending more than you earn.

Anyone who wants to achieve financial stability should have a budget and cash flow plan in place. It is the very first step in responsible personal finance management.

A budget, when done well and put together with the help of a financial adviser, creates positive cash flow and can be used to build substantial wealth for your future.

Budgeting is not just for people trying to get out of debt. It is also for people who are taking a more active interest in investing, saving for specific occasions (weddings, vacations, having kids), planning for emergencies, thinking about retirement, and for those of us who generally want to take more control over our finances.

Most people will have a very general idea of how much money they think they are spending across various aspects of their life but are usually surprised when they start to break things down into specific categories and see exactly what is costing what.

Some useful categories for tracking spend include fixed expenses (mortgage, rent), variable expenses (groceries, transport), and discretionary expenses (entertainment, subscriptions).

A complete break-down of expenditure in each of these areas gives people the power to clearly see what is going on, group similar activities, prioritise what matters, identify hidden expenses, eliminate waste, adjust to external changes, factor in emergency expenses, accurately predict savings over time, understand when specific financial targets will be attained, and remain motivated to stay on track.

We cut through the confusion and work with you to create a manageable budget tailored to your situation. Then, we make sure that your cash flow is allocated correctly to help you meet your financial goals.

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What Our Clients Say..

Your Financial Journey

STAGE 1

Foundations to wealth

STAGE 2

Pathway to wealth

STAGE 3

Countdown to retirement

STAGE 4

Retire in style

STAGE 1

Foundations to wealth

STAGE 2

Pathway to wealth

STAGE 3

Countdown to retirement

STAGE 4

Retire in style

Our advisors

Andrew McLauchlan

General Manager and Financial Advisor

Graduating from Bond University with a Bachelor of Commerce in 1999 Andrew then gained 4 years of invaluable experience with Macquarie Bank and ABN AMRO. Andrew has completed post-graduate studies in Chartered Account and Advanced Diploma of Financial Planning. He is now the General Manager and Financial Advisor with McLauchlan Wealth.

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Leighton Fah

Financial Advisor

Leighton is a Financial Advisor with McLauchlan Wealth and is passionate about developing strategic and objectives-based financial plans for all clients. Holding a bachelor’s degree in Finance and an Advanced Diploma of Financial Planning, Leighton has had over 12 years’ experience in the finance sector and worked in New Zealand, the United Kingdom and Australia. Outside of work, he is kept busy by his two young children and loves anything to do with the beach.

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