Farm Financial Health Check
Do any of these statements apply to you? You would benefit from a confidential free chat with an independent Rural Financial Counsellor.
- I am feeling some level of stress about my financial position
- I have 1 or more credit cards fully ‘maxed’ out.
- I need assistance to prepare my Cash Flow Budget.
- I have to prioritise which bills get paid & which can wait.
- I currently have (1) or more outstanding creditor accounts of 60-90 days.
- I have applied for a temporary increase to my overdraft limit at least once over the past 2 seasons
- I’ve had a cheque or electronic funds transfer (eft) bounce in the past few months.
- I have money outstanding to the ATO for more than 60 days.
- I am not completely up to date with employee PAYG tax payments and/or superannuation payments.
- My farm has made net losses for 3 out of the past 5 years. ,
- I have one or more interest only loans
- I don’t have any off-farm assets or superannuation
- I am 55 or more years of age and haven’t considered a formal Succession/ Retirement or Exit Plan (it the farm is to stay in the family or not)