Back to Basics: Helping Clients Manage Cash Flow

Kies, Eric H.
December 2008
Journal of Financial Planning;Dec2008, Vol. 21 Issue 12, p40
Academic Journal
This article discusses the perspective that the author, a professional financial planner, brings to the task of assessing his clients' cash flow management. Issues faced by financial planners interested in helping their clients to manage their cash flow are addressed. The author's approach entails dividing their income into money spent on recurring month-to-month expenses, everyday discretionary spending, and long term financial commitments. By simplifying cash flow models into these three categories, the author becomes able to engage his clients in a discussion of how to use available resources to achieve financial goals.


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