Inflection Advisor’s financial organization services can help you stay on top of your financial life and save you money in the long run.
Organization skills are one of the most important aspects of a sound financial strategy. Without deep organization, there can be no clarity regarding your finances. This leads to poor decision-making and uneducated financial decisions that can add up to thousands upon thousands of lost dollars over time.
Setting up systems and establishing clear goals allows us to understand what accounts are needed and what might be better off consolidated or closed. Organizing across many accounts can be complicated, but when we have a clear understanding of our goals we can avoid mistakes due to bad oversight and too many things to manage.
Goals For Organizing Finances
Our team helps clients to:
Review Monthly Budget
Even routine bills and expenses can add up from month to month. Revise your budget as the bills come in and adjust other expenses as needed to make up for these costs. This will ensure that that you don’t accidentally overdraw your bank account or make poor spending decisions.
Establish consistent payments across checking accounts and credit cards. Try to shift automatic expenses to align on the most ideal times.
Consolidate, Open Or Close Accounts
Over time we often accumulate many accounts, often with the same desired goal for each of them. Managing each separately creates unnecessary extra work and can lead to poor oversight managing them all.
Our initial analysis of all your current accounts allows us to get a clear picture of what we could keep, what could be closed and what should be consolidated.
Adjust Strategies Over Time From Regular Monitoring
As you progress on your financial journey, bills and other financial circumstances will inevitably change. In order to stay on top of your finances, you need to adjust accordingly every once in a while in order to save money and optimize your portfolio.
We want to show you how cutting down on one expense to pay for another will force you to break bad habits and adopt a more fluid and adaptive approach to your finances. Even if you do not know where to begin, we help you get started by writing down your expenses the way you expect them to unfold and how to tweak this budget based o your real expenses and cash flow situation.
Use Financial Planning Tools
Financial planning tools can make tracking your spending and cash flow much more easily than has been the case in the past. There are a variety of free basic budgeting apps online that can help you keep track of daily and household expenses.
Keep All Your Bills In One Place
Even if your bills are all handled electronically, it is still essential to organize them in one place. This tactic helps us to get a better picture of your complete circumstances and allows you to have a more realistic view of your financial situation. As we mentioned, staying organized is key.
Use Dedicated Spending Accounts
Making sure you have accounts for specific purposes can help you to limit unnecessary spending and save money more easily. Try to ensure you have dedicated accounts for leisurely spending and others for bills and loan payments.
Use Credit Cards Properly
Getting the most from your credit card starts with choosing the cards that best suit your needs. Do you need to build back credit? Are you trying to get rewards and save more money through cash back programs? Our team is made up of credit card experts who can help you make sound decisions that are best for your situation. Even if you have bad credit, credit cards can be a lifesaver option that can help you get back your feet and establish a solid credit score over time.
Contact Inflection Advisors
Let our team of financial planning experts help you establish a healthy financial organization and maximize the clarity you have regarding your finances. Reach out today by phone at (424) 372-8399 or through out website to get started with an advisor.