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Cash Flow Analyser Report PREPARED FOR: John Smith Information provided by Financial Choice Pty Ltd is general financial advice only. General advice is defined under the new regulations to include information about financial products and financial markets and our current views and outlook for those products and markets. The general advice we provide includes the information you have requested from us directly or via our web site.

Superannuation Consolidation Services Pty Ltd Suite 4.13, Level 4, 32 Delhi Road NSW 2113 PO Box 115, North Ryde BC NSW 1670 T: 1300 664 118 Fax 02 9870 7556 E-mail [email protected] ABN 69 093 681 004 Australian Financial Services Licence 413567

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WHAT PROGRAM HAVE YOU SELECTED?

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You Have Selected: Cash Flow Analyser Hi John,

My name is Alexander and I’ll be your personal financial planner. Since you have selected this plan, I’ll be working with you one on one to build new spending habits and focus on breaking some old ones.

This is a really affordable first step to getting good money advice. Get set up on a new budget that will match your lifestyle.

The Details of your selected program include 

One-on-one personalization of your budget. Your planner helps you set up your Money Centre so that you can have

My Contact Details: Office: Level 4, Suite 4.13, 32 Delhi Road North Ryde NSW 2113 E-mail: [email protected] Post: PO Box 115 North Ryde BC NSW 1670 Phone: 1300 664 118

an achievable budget that fits your life. 

habits you want to break. Boost the good habits you want to build. 

To get product information and fund profiles on the asset allocation recommendations go to the appendix of this document

Planning Session. Your planner gets to know the spending that does (and

For more information on investing and insurance, you can visit our website at www.findmybestsuper.com.au To get personal insurance information and insurance quotations as well as current product disclosure statements go to www.lifecoveronline.com.au

Challenges tailored to you target the bad

doesn’t) matter to you to help customize a budget that fits your life. 

Unlimited email access. Really, unlimited.

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A snapshot of your

CURRENT FINANCES Based on our conversation on 22nd of May 2015 and the information you have provided me from our financial planning session. The Basics Name John Smith DOB 26/04/1985 Age 30 Kids None Annual Household Income $60 000 Monthly Take-Home Pay $3 500 Credit Score 900 Assets Retirement Savings Emergency Fund Savings Invested Assets Other Assets Real Estate (Est. Value 05/2015)

$80 000 $30 000 $60 000 $5 000 $900 000

Liabilities Credit Card Debt Student Loans Other Debt Mortgage Balance

$20 000 $15 000 $5 000 $400 000

The Big Picture Total Assets – Total Liabilities = Net-worth $1 075 000 - $400 000 = $675 000

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Your Personal

POSITION Better Budgeting Calculations based on your Cash Flow Analyser Selection

1. Budget Planner John, this section will highlight your net cash position and spending habits from the last 30 days

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John, according to your budget you have $3,399.07 left to spend this month on any essentials, lifestyle purchases or contributions towards your goals. Below is a schedule of your upcoming bills for the month of MAY 2015.

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2. Loan Comparison Loan Amount: $350 000 Loan Term: 25 years Upfront Fees Ongoing Rate Ongoing Fees Frequency of fees Introductory Rate? - Rate? - Introductory Term?

Loan 1 $400 7.25% $10 Month Yes 5.75% 24 Months

Loan 2 $400 8.25% $10 Month Yes 5.75% 24 Months

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John, I have also provided you with a loan comparison as per your request since you will be taking out a loan in the near future

3. Debt Consolidation Debt Type

Amount

Minimum Repayment

Frequency

Store Card Car Loan Credit Card #1

$4570 $15000 $3495

$100 $500 $100

Monthly Monthly Monthly

TOTAL:

$23065

$300

Monthly

By consolidating your debts into a personal loan over 5 years you will save $2,104 a year

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Your

GOALS Based on the information you have provided to me, you have indicated the following goals: 

Pay off credit card debt



Save for a new holiday



Save for a new home.

The following information is a summary and action plan to achieve those indicated goals

Next Steps: 1. Create a debt List 2. Eliminate debt target no.1 (debts with highest interest rates) 3. Stop using credit cards or at least make them inaccessible

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Next Steps: 1. Review your plan 2. Identity type of holiday 3. How much will the holiday cost? 4. Where will the holiday be? 5. Book your flights 6. Track your Progress

Next Steps: 1. Review your plan 2. Identify how much you need to save for a deposit 3. Identify how much you can borrow 4. Organise funding 5. Find your Dream home 6. Track your Progress

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APPENDIX Budget Planner The Budget planner provides you with a detailed breakdown of your finances. Move through the planner by clicking the tabs relating to the area of interest. None of the fields entered are compulsory so you can use some or all of it.

Loan Comparison The Loan Comparison Calculator calculates the total amounts payable given two alternative loans thus provides the comparative amount saved. The two loans allow for the entry of different expense amounts, for both upfront and ongoing (the options of monthly, fortnightly or weekly frequencies are allowed within the calculators). The two loan options allow for alternate introductory interest rates and terms, and different interest rates for the remainder of the term. The calculation is performed based on a monthly repayment frequency, in respect of the common loan parameters entered, namely amount and total term in years. Calculator Assumptions:  Length of Month - All months are assumed to be equal. In reality, many loans accrue on a daily basis this can lead to varying interest in different months.  Number of Weeks & Fortnights in a Year - One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus the assumption is for a 364 day year.  Rounding of Repayment Amounts - The calculator uses the unrounded repayment to derive the amount of interest payable over the full term of the loan, however, institutions round repayments to the nearest cent. Unrounded payments provide for constant line within the graph. Note that the final repayment after the increase in repayment amount will be a partial repayment as required to reduce the loan balance to zero.  Amounts of Totals Payable under each Loan – The calculator quotes the total payable under each scenario in dollars and cents.  Amount of Saving under Lower Cost Loan - The calculation of the amount of repayments saved under the lower cost loan is based on unrounded payment amounts. The amount saved is quoted in dollars and cents, not rounded to the nearest dollar.  Interest Rate - The interest rate input in the loan section of the calculator is a nominal interest rate per annum. The interest applied over each repayment period has been calculated as the nominal interest rate divided by the number of deposit periods.  Timing of Interest Conversion- The calculator assumes that interest is charged to the loan account at the same frequency as the repayments are made. In practice, there may be differences between the timing of the loan repayments and the timing of the interest charges being added to the loan balance.

Debt Consolidation Calculator The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you consult your financial adviser before taking out a loan.

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