05 Dec Organized books into Insight

“Accounting is a way to turn organized books into insight.” ~ Seth Godin

I enjoyed this Seth Godin post, in particular points 2 and 4, below, which could equally apply to personal finance.

“2-It can help us understand our cash flows. In any given moment, we know very little about a business. But over time, we can see how assets and expenses flow–and that flow is insight about what we own, what it’s worth and what could improve (see #1.)

4-We can get better at predicting the future. Budgets based on past experiences are more likely to be accurate than those we simply make up in the moment.”

One of the reasons it’s important to me that my financial planning tools had strong cashflow capabilities is so that I can help my clients gain insight around what they spend, what’s it’s worth (does it match their purpose and values) and what can improve.

Not to create restriction and fear around spending habits and budgets, but for the clarity that knowledge provides in directing money to what will best support their unique and individual desires.

Read Seth’s full post here.

Interested in obtaining greater clarity around your numbers? Contact me  and let’s talk about what’s important to you and whether your spending and saving is a match.