Budgeting – Know your cash flow

Budgeting – Know your cash flow

When creating a personal or household budget it is critical to its success to understand your cash flow. Cash flow is the measurement of money coming in against what is spent. A cash flow statement is a document outlining your income versus expenses over a period of...
Setting Savings Goals

Setting Savings Goals

Saving money for a “rainy day” is always good advice, but it can be difficult to remain motivated and consistent with your saving efforts if a specific goal is not set. Setting a clear goal or purpose for your savings will help you remain focused and more likely to...
Power of Attorney – What is it? Why do I need one?

Power of Attorney – What is it? Why do I need one?

A Power of Attorney is a legal document where you appoint a person or organisation of your choice to manage your assets and financial affairs if you are unable to do so. This person or organisation is then known as your attorney. Anyone over the age of 18 years can be...