In our video series Mortgage Strategy 101 Ep. #10 David shares with you how you can manage your financial risk by putting in place a simple money management strategy.
When it comes to stress, our finances are usually at the top of the ‘worry pile’, if not the King of the Mountain!
How much money we have access to, current research suggest is one of the top few determinants for feeling content and comfortable. Without it, our stress and anxiety levels rise as we are constantly wondering if something unpleasant has our name on it just around the corner. (And I won’t be able to afford to pay for it.)
Being able to consistently build your savings buffer each month is imperative. This not only eases financial woes, it reduces relationship pressures, and enables us to work towards investment goals, saving for holidays, lifestyle and any other fun stuff that costs money!
The key to reaching your goals, is your monthly surplus cash flow. In essence, how much excess cash do you want to be saving each month, after all of your expenses are paid for?
To learn more on how to set up an effective money management system contact us directly for a complimentary property plan or mortgage strategy meeting!
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