Andrew Fisher
๐ค SpeakerAppearances Over Time
Podcast Appearances
But once that's there, then you've got, there's a delivered net worth report, which gives us a view at that point in time.
But we can also create reports where we're sort of having a look at where we were six months ago, out to 12 months or further in advance.
Yeah, I mean, I think the benefit of having a good tool in place for this is that you can check in more often.
If it's sort of automated, you're just logging in and having a look at a dashboard rather than having to go and get all that information from different sources.
I mean, there's some of it you'll still need to maybe go and get that data, like a super balance.
But I mean, there are some super accounts I think that you can bring into that open banking setup.
But yeah, I think it simplifies the process.
And you want to build that habit.
So that's what I like.
I mean, I think if you've got the system and the process in place, then...
I think that habit is stronger if you make it a monthly habit rather than because if it's quarterly or half yearly, you know, you forget what the steps are.
Yeah, so we went in and we created an asset and the loan in Pocketsmith for what Christian was looking at.
And then we created a scenario.
And what that scenario allows us then to do is to create budgets related to the purchase of a house.
That's right, yeah.
So we sort of estimated repayments, what are the likely expenses on that property.
And then what we were able to do is to add that scenario into our cash flow reporting.
So we can have a look at what the cash flow looks like today and then overlay that.
this new purchase and have that gulp moment.
Absolutely.