A Cashflow modelling tool in its simplest form is the process of assessing your current and forecasted wealth, along with inflows (income) and outflows (expenditure) to create a picture of a client's finances both now and in the future.
The tool assists us in guiding you towards your goals by providing you with a roadmap towards achieving your aims and objectives or whether any action is required to keep you on track.
We can use the tool to illustrate different potential scenarios and the effects these may have on a client's overall financial goals and the action that may be required to keep them on track.
What would be the impact if you were to die or suffer a serious illness
What would be the impact of you being made redundant
How much pension would you like to receive in retirement
Working together, a cashflow model will helps us to:
Produce a clear plan of your current financial circumstances
Identify future goals and put in place a plan to achieve them
Ensure appropriate provision in place to cover possible death or serious illness