Bogue Asset Management’s Quarterly Investment Letter is available for review, My commentary examines the economic "tug of war" being reflected in the stock market, with improving economic and company fundamentals on the one side, and concerns about debt-related stress points and the longer-term strength of the economic recovery on the other. [See More]
Bernie Madoff’s clients didn't see his Ponzi scheme coming. Could they have? Let's look at four safety tips that would have prevented this from happening and the safeguards that Bogue Asset Management LLC provides in its client relationships: [See More]
How your advisor is compensated does matter. Lately there has been a blurring of the lines with the use of the term “Fee-Based” to describe how one is compensated. I’ll tell you why Fee-Based is not Fee-Only and the difference can be substantial: [See More]
Shopping around for a financial planner? When you are in the process of looking for a financial planner, you should have a consistent interview process to determine which planner is the best for your needs. These are the seven questions that I suggest that you should ask: [See More]
Cash Flow Management & Budgeting
The foundation to financial success begins with living within your means. Often this part of financial planning is necessary to be able to fund lifetime goals involving retirement, college, buying a new home, effectively managing debt or other lifetime objectives.
Cash Flow Analysis and Budgeting Involves:
- Determining current levels of spending
- Identifying how and where you are spending your money
- Differentiating between discretionary and non-discretionary spending
- Identifying what spending categories to reduce or eliminate so you can use that money towards meeting your goals
- Developing a budget to manage your spending
- Developing a process to monitor your progress and adjust if changes are merited.
Cash flow and budgeting is NOT a “one size fits all” process. The approach and the success of that approach depend on the individual. Bogue Asset Management LLC helps to work with the client to find the approach that fits their style of money management.