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Cash Flow Management

This key area focuses on reducing expenses, therefore giving you more money to enjoy your life, and plan for the future.

Cash flow management is a guideline for your own personal budget. Primarily managing your personal income and expenses while making sure that you have sufficient funds for savings and investment. There are ways that you can spend money and make purchases that will give you optimal cash flow. We at Cornacopa show you how to make purchases the correct way. Which reduces your expenses and therefore pushes you towards the positive spectrum of the cash flow.

Each individual is diverse and has unique needs. In order to offer a solution that understands that concept, we consider the following factors when putting together a cash flow management plan: income, expenses, taxes, and savings.

Income

Income is typically acquired through your salary, hourly pay, bonus, self-employment, residuals, and investments. 

Expenses

Expenses can be broken down into two types. Fixed expenses are those that occur on a consistent basis and include mortgage, rent, and bills. Discretionary are those in which you have direct control and can alter when needed.

Taxes

Taxes will be one of your largest expenses in life, why not pay the most attention to it? Most people when it comes to taxes think about their current situation. They miss the long term effects of taxes really work. Taxes will be one of your largest expenses in life, why not pay the most attention to it?

Savings

Savings are usually overlooked as an afterthought once the aforementioned factors each settle into the picture. Knowing how much you need to be saving on a monthly basis to reach your personal financial goals is an essential part of your cash flow management.

Once you have an established cash flow management plan in place with us, it is in your best interest to protect your cash flow. We recommend maintaining an emergency fund as a buffer. An emergency fund is a key factor that provides you the flexibility to not have to disrupt your planned cash flow when an unusual expense arises.