Reviewing your income and expenses is an essential and universal component of any comprehensive financial plan. It directly impacts the overall health and success of your financial strategy.

It is important to review your overall cash flow when changes occur. The following are a few areas where changes can frequently happen:

• Income changes: Adjustments to your income can influence your debt obligations and tax liabilities.
• Spending habits: Both essential and discretionary spending can gradually increase over time, which may impact your ability to manage debt or reach your financial goals.
• Savings goals: Shifts in your priorities can influence how you allocate discretionary funds.

Considerations when Reviewing Cash Flow

While checklists and flowcharts can help you identify different opportunities, we are always available to meet with you to discuss your financial needs and goals, and to help identify what the best opportunities are for you.

This content is provided by Windward Private Wealth Management Inc. (“Windward” or the “Firm”) for informational purposes only. Investing involves the risk of loss and investors should be prepared to bear potential losses. No portion of this blog is to be construed as a solicitation to buy or sell a security or the provision of personalized investment, tax or legal advice. Certain information contained in the individual blog posts will be derived from sources that Windward believes to be reliable; however, the Firm does not guarantee the accuracy or timeliness of such information and assumes no liability for any resulting damages.

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