Wise Accounts Blog

Are you living in denial to the fact that you might have too much month at the end of the money? If you're not in the habit of driving your car until you stall on the highway with an empty tank - help is at hand!

Yes some recurring issues are more than annoying - but ignoring the problem will not make it go away. Furthermore, knowing exactly how far you are from the abyss might in fact be your saving grace. Better walking carefully with your eyes opened rather than falling into a ditch.

Introducing the concept of a cash flow forecast: As opposed to a budget where you arbitrarily decide what must happen financially next year, the cash flow forecast plays out into the future a list of earnings and expenses each at their appropriate due dates.

You can refine your juggling act by being able to pinpoint a shortfall into the future. You can avoid the wrath of banks and creditors by judiciously moving certain payments if possible.

Could you drive a cheaper car? Could you live in a more affordable suburb? Could you save on transport? Could you quit smoking? Like the proverbial glass of water you can see it as half empty or half full. If you lack imagination you cannot dream of where you would like to be, say next year. If things are bad now, they can get better in the future - only you hold the key to that. If nobody believes in you, you have to be the first one to believe in yourself!

You are embarking on a journey but as any traveller knows you will not reach your destination unless you know precisely where you are right now. You may not solve all you problems overnight (welcome to the real world!) but you might make just enough of a move each day to pull yourself out of that hole that wants to eat you alive.

Project your mind into the future. Imagine the powerful testimony you could have if you reach your goal and become qualified to help others too! Think of the people who depend on you if they are still around. If they have left you already consider the chances of reconciliation. Life is not a walk in the park. We need some achievers down here. There is a higher reason why you were allowed to fall into this situation. Pull yourself out to victory and show the way to other to follow through. That's what leaders are for!

Don't just wish for things. Make them happen. Wise Accounts is an online bookkeeping tool to manage your finances and forecast your cash flow while Goal Setter is another online tool to document and track your progress towards your goals. Take advantage of these resources.

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