Key Considerations:

• It’s a myth that the more you earn, the more you can save. In fact, it’s not what you earn that matters as much, but what you do with it that matters the most.
• On the contrary, you may have experienced a very common occurrence that the more you earn, the more you are likely to spend. It is a well known fact that an increase in earnings is most likely to lead an increase in spending and in some cases so detrimentally that the person is worse off with the increased income (e.g. credit card debt).
• Whilst enjoying a good lifestyle is not a bad thing, overdoing it and not keeping a long-term approach tends to do the most damage. In some cases, if the spending habits are not kept in check, they can be of an escalating nature and almost addictive. 
• The people who are on their way or are truly financially independent all have good budgeting and saving skills. Usually as soon as the income comes in, a portion of it is always allocated to the savings and investment plan. Whilst a  strict budget is maintained, the occasional ‘treat’ is allowed for and factored into this successful budgeting strategy. This ensures that nothing becomes a ‘forbidden fruit’ and doesn’t develop into a negative financial obsession.
• Reviewing the budget is critical. It doesn’t help to enforce an unrealistic budget. Both being overly conservative or overly extravagant on spending could lead to a failure of this strategy. A budget that is formulated in line with your goals and objectives both short term and long term and the one which allows for contingencies is usually the one that stands the test of time and delivers the expected results.

We can help you to:

• Chart and map out your unique income and expenses situation. Make allowances for one-off expenses,  planned future lump sum expenses such as a wedding, holiday trips, purchase of a motor vehicle and any unforeseen expenses.
• Make your cashflow go the distance by  allocating it to a grading system of “must have”, “good to have” and “would love to have” therefore eliminating any confusion over the priority of fund allocation.
• Help you set up your savings goals and then provide you with advice and tools to achieve these.
• Keep a track of your progress towards these goals and make adjustments as we go along so you don’t drift off your target.