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PLANNING FOR MY lIFE EVENTS

 
 

 

 
 


Most people don’t think about their income and spending in terms of personal cash flow.  Managing and monitoring your own income, expenses and spending is just as important for personal financial management as it is in business.  Cash flow planning can be considered the foundation that the rest of your financial planning is built on because it allows you to:

  • Assess your ability to meet your goals.
  • Project your future cash flow needs.
  • Identify opportunities to increase income and/or decrease expenditures.
  • Make portfolio adjustments to meet your investment objectives.

Having a positive cash flow means you can pay your bills on time, cover any other immediate expenses, and have available cash for emergencies and unexpected events. These actions will protect your budget and will give you time to proactively respond to any money problems before they hit your accounts, keeping your finances out of the red and keeping you relaxed.

Being aware of cash flow and taking the actions of forecasting your daily cash available and building a buffer fund to support your chequing  account will help you significantly. These actions will protect your budget and will give you time to proactively respond to any money problems before they hit your accounts - keeping them out of the red and yourself relaxed.

A Canadian First Financial Centres Advisor can help you create your own cash flow and cash management plan as part of your overall financial plan.  Talk to a Canadian First Financial Centres Advisor today to get started.

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Canadian First Financial Centres Limited is licensed as a mutual fund dealer in Ontario and British Columbia and is a member of the MFDA and MFDA Investor Protection Corporation (“IPC”).  The contents of our Website are not intended, and should not be construed, as a solicitation of customers or business in any jurisdiction in which we are not registered as a dealer in securities.  The information on this site is presented for informational purposes only and prior to making any investment decision, it is recommended that you seek advice from a qualified advisor.  Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, values change frequently and past performance may not be repeated.  Mutual Funds are not insured by CDIC.