To learn more about me, click here (my bio page)

• Download Financial Health Test
• Download Financial Personal Records Worksheet
• Download Monthly Spending Worksheet

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“Georgianne brought  me an opportunity to refinance my home.  My interest rate went from 7.75% to 6.375%.   The refinancing saved me a significant sum.  Then before I made my first payment she brought me another opportunity to refinance at 5.875%.  With minimal closing costs I began to realize even more savings immediately.”
T.Powell
Santa Cruz, CA

3.     Call me at (831) 524-3793 or email me to set up a free 30 minute consultation and immediate action on getting your mortgage payment under control and your finances in order!
 

2. Determining Your Cash Flow
A cash flow analysis is the first step in determining whether or not your spending is under control or if you need to create a spending plan to rein it in. A successful spending plan will give you greater control of your money and help you stay on track to reach your financial goals
.
Evaluate your spending
Your cash flow analysis shows how you spend money on a daily and monthly basis. To determine your cash flow, you should:

• ·Track your spending for several weeks. Record every dime you spend--both how much and on what. Don't just record withdrawals for cash; record what the cash was spent on. You should be able to account for everything.
• ·Gather receipts. Organize the receipts for all of the expenses you've been tracking. Be sure to include your credit card bills and checkbook register for the last few months.
• ·Total your monthly income and expenses. Begin to add up all of your tracked expenses as well as your monthly income.

Create your spending plan
Your cash flow analysis will show you if you are spending more than you are earning and what expenses you may have to trim and budget for more carefully. To get started, you will need to prepare an accurate account of your monthly income and expenses. You will need to organize the following information:
1.      Your pre-tax monthly income. This includes salary, investment income, etc.
2.      Your monthly expenses--fixed and variable--in the following categories:

• ·Combined taxes. Your federal, state and social security taxes withheld every month.
• ·Housing. Your mortgage, rent, association dues, insurance, etc.
• ·Home care. Include cleaning, landscaping, repairs, utilities, etc.
• ·Food. Include your groceries, meals out and all other food expenses.
• ·Auto. Monthly payments for your car loan or lease, insurance, maintenance, parking, gas, and other expenses you might have.
• ·Insurance. List premiums for your health, disability, life, and any other insurance policies. If you pay quarterly premiums, then divide by three to get a monthly figure.
• ·Education. Any tuition you currently have for your child or yourself as well as any student loans, etc.
• ·Personal Care. This includes clothing, cosmetics, gym, entertainment, vacation, gifts, etc.

Download the Monthly Spending Worksheet below to determine your own personal cash flow.

What To Do With Your Results
Positive cash flow: Do you have money left over? Then you're spending less than you make and are in good shape. You could apply the extra money to one of your credit cards or other debts. And if you still have money left over, you should consider increasing your savings
.
Negative cash flow: If your expenses exceed your income, you should create a spending plan to cut back on your variable expenses. Remember, the key is to always spend less than you earn. If you can't find ways to cut expenses, then you'll need to step back and evaluate what you currently consider "necessities." They may be luxuries in disguise that you can live without.

 1. Getting Organized
Organizing your statements and setting up your financial filing system is the first step to take before making any major financial decisions. It is important to determine where you stand now before establishing financial goals for the future.

Organize your statements
Below is a checklist of the most important files you should assemble. Easy access to these documents is crucial for staying abreast of your current financial situation.

•  Checking and Savings Accounts: both individual and joint accounts
• · Retirement Accounts: IRAs, Roth IRAs and 401(k) statements for you and your spouse (if applicable)
• · Non-Retirement Accounts: all investments outside your retirement accounts
• · Credit Card Accounts: include any gas or store credit cards
• · Home Mortgages and Other Liabilities: auto loans, personal loans, etc.
• ·  Insurance Statements: life, disability, home, car, etc.
• · Tax Returns: state, federal and all supporting documentation
• · Wills & Trusts: for you and your spouse
• ·  Kid’s Accounts: any trust or UGMA/UTMA accounts set up for your children

Set up a filing system
The best organizational system is the one that makes sense to you. But it is smart to create separate files for each account or plan so your account history is easily accessible. To avoid being buried under paperwork, here's a guideline for how long you should hold onto these documents:

• ·Monthly account statements: one year. Most institutions will issue an annual statement summarizing your account activity. Once that is received and checked for accuracy, you can discard the monthly statements.
• ·Tax returns: seven years. The IRS can audit you up to seven years after a return is filed. At a minimum, you should save your state and federal tax returns and supporting documentation for that amount of time.

3 simple things you can do right NOW!!!                               
Here are 3 simple things you can do right NOW to start you down the path to financial security for life!

“Sigh, I wish for more time at the spa (beach, home, mountains); enjoying peace, love, friendship, joy and life!”

If any of these sentiments sound familiar, your relationship with money may need a little therapy. You work hard for your money – now make it do the same for you.

 

If you have questions about your mortgage, debt management, and/or looking for Financial Security for Life – I can help you!!

For Women’s Eyes Only PAGE
“I am worried about the financial security of my family!”
“I’m too busy with today to plan for the future.” 
“I have no idea what my net worth is.”
“He takes care of it.”