It's all about the cash flow. 3 Tips to control yours.


Have you ever heard the term ‘Cash flow is king’? Usually it is said in reference to small (or large) business. It means that it doesn’t matter how much money comes through the door, if more goes out then your business is in trouble.

You and I are the same. In our personal financial journey, cash flow is king.

In previous blogs I have written about how to set goals. And I would encourage all of you to go back and read these, goals are very important if you want to find success financially.

However, goals mean little without cash flow management.

Cash flow is the day to day work that you need to do to reach your goal. So how do you get started?

1: Know yourself

That sounds very deep, but it is really simple. In order to control your cash, you need to know where it is going now. Take out your phone and open a note, or grab a piece of paper and start to track your spending. What is coming in, and what is going out (and where is it going)

2: Systemise

Create a system for your cash flow. This may include a direct debit to savings or extra loan repayments. At BGN Financial we love the 50/20/30 system. This is a simple way to manage your cash that is not overly prescriptive. You can read more about it HERE or get in touch for a chat.

3: Track the data.

Companies like, your bank, Facebook and Twitter are collecting and using your data to further their influence in your life. Why not use data to your own advantage?

There are heaps of budget tracking software/ apps available these days. Even your bank may offer one. We love MyProsperity, and that is what we use with clients to track and say ahead of their cash. You can learn more about a MyProsperity portal HERE.

By keeping a track of your spending you will learn how you spend money, you can gain an insight into your own subconscious relationship with money and you will have the tools to make small changes that will lead to big outcomes.

The great things about using tech to do this is that you don’t need to keep a track of every little thing yourself. Your bank can feed into the software and classify your spending, giving you great reports that will encourage you to succeed.

Controlling your cash flow isn’t all that difficult, but it is very important. Make 2020 the year that you take back control of your cash flow.

Oh, and here is a link to my 2018 blog '3 Ways you can save money this month'


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Ben Graham-Nellor is an advisor, coach, blogger and speaker who has worked in the financial services industry for over 15 years. He believes that by educating and advising people today, they can improve their tomorrow.

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The information in this communication has been prepared on a general advice basis only. The advice has been prepared without taking account of your specific objectives, financial situation or needs. Accordingly, you should, before acting on the advice, consider the appropriateness of the advice having regard to your objectives, financial situation and needs. In cases where the advice relates to the acquisition, or possible acquisition, of a particular financial product, you should obtain a Product Disclosure Statement (or other relevant information statement) and consider such document before you make any decision about whether or not to acquire the product. For these reasons, it is imperative that you seek advice from your financial adviser before making any investment decisions.

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