Overwhelmed with Household Money Management? Hire a Personal CFO.

We live in a fast-paced world. As we run from business meeting to business meeting, our mind races with all the family obligations and commitments that still lie ahead. Fueled by caffeine and a sheer drive to perform, somehow, we find the energy and the time to keep up the pace.

But it is just a matter of time before our reserves run so close to empty that we make the executive decision to cross something off our “To Do” list before it is done. What task consistently makes the chopping block? You guessed it – personal financial management.

Well-managed finances are vital to a healthy and productive home life. To attempt to ignore the impact of money in our lives is futile, because money touches every facet. How we run our household is governed by the condition of our finances, and our finances impact those long-term, life-changing decisions we make – for better or worse.

Personal financial management is time-consuming. When you are short on time and already overwhelmed by your schedule, it is not a surprise that managing your personal cash flow makes the cutting room floor.

You need a Personal CFO.

You’re likely familiar with the concept of a Chief Financial Officer (CFO). A CFO, as defined by Forbes, is “essentially the person holding the purse strings within an organization, overseeing every aspect of its finances.”  Insert “home” in the place of “organization,” and you have the definition of a Personal CFO.

Why a Personal CFO?

Time is your most valuable asset. Adding a Personal CFO to your financial team will allow you to save time and invest it in opportunities with a high return – instead of spending it to update a spreadsheet. Consider these time-saving benefits of a Personal CFO:

• At-A-Glance Financial Clarity: A Personal CFO will help you achieve a clear understanding of your personal cash flow, monitoring personal income and expenses. You will know your financial position quickly and confidently with the streamlined financial reporting your Personal CFO provides.
• Done For You Service: A Personal CFO provides consistent and accurate management of your household finances. You will have the information you need to make informed financial decisions without the time commitment.
• Superior Oversight: The right Personal CFO is a seasoned financial executive whose expertise and insight will help you make intentional and informed financial decisions that align with your goals and values.

In addition to saving time, a Personal CFO can provide your household with the financial expertise and support needed to truly thrive. Here are the financial services they offer that will help you do just that:

• Personal Cash Flow Management: A Personal CFO will help you maintain financial balance in your home with consistent account reviews and a thorough analysis of your household income and spending.
• Financial Analysis and Reporting: Providing guidance and insights to empower everyday choices is a primary duty of a Personal CFO. Customized, consolidated, and comprehensive financial reports will take the guess work out of your finances.
• Strategic Financial Planning: A Personal CFO helps you design a clear chart for your future with strategy meetings and planning sessions that combine a review of your year-to-date household financials with a focus on planning for the future.
• Risk Management: A Personal CFO will identify potential financial threats and risks before they affect your quality of life.
• Bill Pay and Vendor Management: A Personal CFO will manage and oversee personal payment schedules and vendor relationships, ensuring timely payments and accurate reporting.

If you want a clear and accurate snapshot of your personal finances without the time commitment, consider hiring a Personal CFO.  They will help you simplify your complex finances, take the guesswork out of managing your money and will help you reclaim your time so you can fully enjoy your life.

Contact us at info@forecastlefinancial.com to learn more about our Personal CFO and Account Management solutions.