Kickstart Your Debt Repayment

You’re ready to get out of debt, and we can help make that happen.

The key to managing your money is this:  it needs to fit your budget and your life.  When debt starts to balloon, things get out of balance and you find yourself forced to make difficult choices.  There are millions of reasons why money sometimes becomes a struggle.  Whatever the reason, when money does become a struggle, it has an enormous impact in almost every area of lives, making day-to-day living, planing and spending exhausting.  Our “big picture” goals like owning a home, sending our kids to college or saving enough for retirement feel impossible.

Ready to start making real progress? 

Basic personal finance is mostly about managing cash flow which means tracking and planning how money is entering and leaving your real and virtual pockets. Your personal cash flow statement can tell you if you are on the right path (hint: you can’t build wealth if you’re running on a deficit).  Using the information provided in this form will give you an idea of how money is moving in your personal finances.

To Begin, You Will Need….

Here, we will account for your expenses.  It’s useful to break down your spending into categories when doing this, as you will see below.  To assist you in completing your Personal Cash Flow Statement, you will need the following:

• Most recent bank and investment statements
• Most recent credit card statement(s)
• Statements from other debts, such as student or auto loans
• Most recent checking and savings account statements
• A record of your discretionary expenditures over the past month

Fixed Expenses:  Expenses that are the same each month.
Examples include rent or mortgage, car payments, car insurance, property taxes, home insurance, and school loans.

Variable Expenses:  Expenses that vary each month.
Examples include car maintenance, gasoline, food, electricity, heating, gas, phone, etc.

Discretionary Expenses are personal expenses where you have more control over what and how much you spend.

A Final Word

Earning and keeping your trust is at the core of our business.  While information plays a large role in our ability to provide superior service, we know that our most important asset is our clients’ confidence in us.  Keeping your information secure and using it only as you would want us to are matters of principal.  Please be mindful when completing your personal cash flow statement NOT to provide any personal/financial identifiable information.

We will never ask for your account number or creditor information.  For us, it’s all in the numbers!

Here’s a simple example…

If you hate filling out forms, call us at (407) 304-7975 and we will gladly take your details over the phone or schedule a convenient time to meet in person.