Cash is the oxygen in our life. Without the cash to afford our basic needs, our wants, and even luxury; life becomes far more difficult and stressful. 80% of spousal fights are about money and 50% of divorces are caused by financial stress. The reason is always spending and cash flow.
Some call it a “budget”, but I call it a “Spending Plan”. Either way, the purpose is the same, to help you know what you have, what you need and plan to live within your means. There are times that you will and choose to overspend and increase debt. The goal is to make a careful decision that is mutually agreed upon with your spouse or dependents.
Cash is a limited resource, so it must be managed. Through financial industry studies, we know that the greatest financial lessons from parents come when careful pragmatic planning creates the opportunity to spend more money later on things or purposes that are of greater importance or priority. Kids remember their parents discussing their budgets, choosing the spending together, and accepting the trade-offs. Those discussions that set financial priorities and limited activities, later allowed for the cash savings to help pay for clothes, cars, college, and weddings.
Through our financial aggregation tools and our conversations with you, we seek to help you identify your priorities and assist in developing disciplines that “keep your spending within your means”. Our Life-Legacy Spending Consultant will help you create your spending plan, achieve your spending plan, and find opportunities to negotiate the reduction of expenses. We help you identify the right balance for you of Need, Want, and Luxury. Through all of this, our goal is to help you avoid frustration and fights with your spouse, parent, child, or significant other, since your spending habits are connected to your short-term and long-term goals.