If you have any further questions or issues, or just want to talk budgeting, please don't hesitate to get in contact with us.
IS PRUDENT CASHFLOW MENTORS FOR EVERYONE?
We offer custom budget plans and as such we can usually put a budget together for most people. However, there are some circumstances where we just cant help. eg. If your looking at bankruptcy, if you cannot afford your minimum monthly payments, if you are in hardship/collections or if you do not earn enough that our fees will make you worse off.
WILL YOU PROVIDE FINANCIAL ADVICE?
At Prudent Cash Flow Mentors we do not provide financial advice, we find that in order to build wealth you must first generate surplus funds (savings) to be able to invest. That is where the Cashflow mentor program comes in. However, we are owned by a Financial Planning practice that we can definitely refer you to should this be in your best interest.
WHY DO I NEED HELP FROM A PROFESSIONAL?
If you have a background in Financial Planning, no debt, lots of savings and time on your hands then you may be fine. However if you think you could be doing more with your money, want to know the best strategy to pay down debt and to save more, then you are in the right place.
WOULDN'T I BE BETTER OFF SAVING YOUR FEES?
Sometimes yes. However we find that having a custom plan and someone there pushing you to succeed means that the savings our clients achieve far outweigh what is paid out in our fees. We like to compare ourselves to personal trainers. That is, you could download a fitness plan, do all the exercises yourself and achieve results but most people don't because they are not held accountable for themselves. It is the same with us, having a money expert in your corner "mentoring" you to achieve results and holding you accountable for your spending directly results in added success.
DO YOU WORK WITH COUPLES AND FAMILIES?
Absolutely, being in a relationship and having kids often adds a lot more complexity to a budget as well as limiting the time it takes to do it properly. Sometimes it takes the help of a professional to get everyone on the same page and working together towards your financial goals.
DOES PRUDENT HOLD MY FUNDS AND MAKE MY PAYMENTS FOR ME?
No, we do not hold any of our clients assets in a separate bank account, we assist you out of your own accounts and have no access to your funds. We do not micromanage your finances, we simply give you the tools, strategies and guidance to help you reach your goals.
IS PRUDENT CASHFLOW MENTORING SECURE?
Absolutely, we use an online accounting system called Xero that works with over 2,500 banking institutions worldwide. If Xero didn't have the same level of security than that of the banks then they would not work with them.
IS PRUDENT CASHFLOW MENTORS A LOCK IN SUBSCRIPTION?
No. We recommend that our clients stay with their mentors for a minimum of 6-months to get the best out of the program. Saving money and getting on top of your finances is a process and not an overnight fix. As your circumstances change then your budget plan will change with you, having said that, you are free to cancel your plan at any stage.