What would be the impact of earning less, spending more or less on your cash reserves? 🤔
An interactive self-assessment tool designed to help you forecast cash flow and cash on hand impacts of future financial decisions that you may or may not be in control of. Are you expecting your Income or expenses to change? Do you want to see the impact? Are you thinking of taking a sabbatical? Planning to have a child? Want a career change? By using this tool, you gain invaluable insights, actions you may need to take and hopefully overall peace of mind when managing your money.
How does it work?
- Step 1: Import your current financial position data, using the Import Live Data button. A copy of your live financial Position data has been created within this interactive sandpit, allowing you to input various changes to these figures and explore different scenarios that will impact your monthly cash flow and savings buffers (cash on hand).
- Step 2: Start playing: You can adjust incomes, by way of example – reducing income when starting a family. You can adjust Essential and Discretionary Spending for individual expense items within the Bills and Spending titles. You can adjust Total Loan Repayments, Investment Property and or Other Property costs to gauge their impacts. Finally, if you want to make these adjusted figures your new Live Financial Position figures you can export them via the publish changes button.