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We offer a full menu of financial services from our Perth office. We have financial planners and financial advisors who can help you plan your financial life from now through retirement. We can’t give any specific advice on this blog, but we would like to give you a general idea of what it takes to build a solid financial foundation.

The more solid your foundation, the easier it is for us to help you attain your financial goals. Here are some of the fundamental techniques that we can help you execute.

Budgeting

If you aren’t satisfied with your budget or your ability to create one and stick to it, we can help. If you have a consistent income and can stick to a consistent budget, it allows you to know exactly how much you can afford to invest every month. Once we know that, we can offer further assistance.

Managing Cash Flow

This is tied into budget, but also into your investment strategy. For many, budgeting and cash flow are a constant tug-of-war between enjoying life now and having enough for retirement later. Our financial advisors can take a look at your finances and help you come up with a plan that is comfortable for you.

At the beginning of the year, most of us reassess where we are in life and make resolutions. This is especially true when it comes to financial planning. Financial planners in Perth are quite busy at this time of year, helping our clients reassess and re-calibrate their goals.

This year, many of the questions revolve around falling oil prices: how long they will last and how they will affect our economy. We recently found a piece in the Sydney Morning Herald that contained a nice summary of current information along with quotes from some respected economists.

The Fall in Oil Prices: How Big is It?

On 19 June 2014, the price of oil was $115 USD per barrel. As of 13 January 2015, the price has fallen to $47.43 USD per barrel. Consequently, Societe Generale and Goldman Sachs have both lowered their oil price forecasts.*

When oil prices fell in the 1980’s and 1990’s, there was a rise in the US economy. This resulted in a corresponding rise in both the global and Australian economies. This has caused many fund managers to predict rising share prices for the latter portion of 2015.*

When we are providing our clients with financial planning services from our Perth office, one of the more important aspects is the ability to borrow money for a home, a car or other needs. This piece is one in a series we are doing where we give you a shortened, easy to read version of what ASIC has to say about various aspects of household finance.

All information provided here is general and compliant with ASIC regulations.

Can You Afford to Borrow?

ASIC advocates making sure that you can afford repayments before taking out any loan and they recommend the following questions.*

What am I Borrowing This Money For?

Is it to pay bills or debt? Is it to help friends or family? Is it something you really need or is it something you just want?*

Is Borrowing the Best Choice?

Do you have any option that doesn’t involve borrowing? Can you save for the item and pay cash? Can you put it on layaway and pay it off later?*