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Introduction: Managing finances effectively and planning for the future can often feel overwhelming and complicated. But what if there was a simple, user-friendly solution that could help you easily forecast your income and expenses for an entire year? Enter Flipside, the revolutionary cash forecast app offered by Partner Parade. In this blog post, we will explore the features and benefits of Flipside, along with a range of scenarios where this powerful tool can be utilised. Plus, we’ll provide you with 44 ways to generate extra income and improve your financial situation. Let’s dive in!
Flipside: Your All-in-One Cash Flow Forecaster Flipside is an innovative financial planning app designed with end-users in mind. It empowers individuals and households to take control of their finances and make informed decisions about their money. With Flipside, you can easily visualise your future income and expenses for the next year, gaining a clear understanding of your cash flow and financial standing.
Key Features of Flipside:
- Visual Cash Forecasting: Flipside provides a user-friendly interface that allows you to visualise your cash flow for the entire year ahead. With its intuitive design, you can easily grasp the patterns and trends in your finances.
- Comprehensive Modelling: This app takes into account daily income, unsecured lending repayments, as well as both essential and discretionary expenses. By considering all these factors, Flipside provides a holistic view of your financial situation.
- Lowest Balance and Highest Balance Tracking: Flipside not only shows you the lowest balance on your bank account (credit or overdraft) but also highlights the highest balance on your credit card. These insights enable you to optimise your financial decisions.
- Target Days Tracker: Unlike traditional financial planning tools, Flipside goes beyond simply displaying the amount you are below your target. It shows you the number of days you are below your target, giving you a deeper understanding of your financial progress.
- Timing Expenditure Analysis: With Flipside, you can explore the impact of timing your expenditure. For example, you can compare the financial implications of taking a holiday in June versus September. This feature allows you to make informed decisions about your expenses.
Scenarios where Flipside can be utilised: [Ref: MoneyFitt Couse Catalogue]
- Managing Finances between Paycheques: Flipside is an excellent tool for those who want to effectively manage their finances from one paycheque to the next. It provides a comprehensive overview of your income and expenses, allowing you to plan ahead and avoid financial stress. [Financial Goals, Bank Accounts, Budgeting Basics, Credit Cards, Money Anxiety]
- University Finances: If you’re a student managing your finances from one maintenance loan tranche to another, Flipside can help you stay on track. It enables you to track supplementary income and make informed financial decisions throughout the year. [Financial Goals, Bank Accounts, Budgeting Basics, Credit Cards, Money Anxiety]
- Debt Clearance: Getting out of debt can be challenging, but with Flipside, you can create a clear plan to become debt-free within a year. By visualising your cash flow, you can allocate resources effectively and achieve your financial goals. [Financial Goals, Bank Accounts, Budgeting Basics, Credit Cards, Money Anxiety, Interest, Dealing with too much debt]
- Seasonal Workers: For seasonal workers, such as farm labourers, Flipside is an invaluable tool for managing their annual finances. It helps individuals navigate the highs and lows of seasonal employment, ensuring a stable financial future. [Financial Goals, Bank Accounts, Budgeting Basics, Credit Cards, Money Anxiety]
- Saving for Special Occasions: Whether you’re saving up for a wedding, a dream holiday, or a house deposit, Flipside can assist you in achieving your savings goals. By visualising your cash flow, you can make informed decisions about your expenses and prioritise your savings. [Financial Goals, Bank Accounts, Budgeting Basics, Credit Cards, Money Anxiety, Emergency Fund]
- Workplace Financial Wellness: Flipside plays a crucial role in reducing workplace stress and improving mental health. By empowering employees to manage their finances effectively, it eliminates the need for awkward conversations with employers about financial difficulties. [Financial Goals, Bank Accounts, Budgeting Basics, Credit Cards, Money Anxiety, Dealing with too much debt, Financial wellbeing and mental health]
- Teaching Kids Financial Responsibility: Flipside is also a great tool for teaching children about money management. It helps kids understand the importance of budgeting and saving, setting them up for a financially responsible future. [Financial Goals, Bank Accounts, Budgeting Basics, Credit Cards, Money Anxiety]
- Optimising Debt and Savings: Flipside allows you to explore strategies for shifting your debt to the lowest rates using 0% credit cards. It also enables you to maximize your savings by comparing different interest rates and finding the best options for your financial goals. [Financial Goals, Bank Accounts, Budgeting Basics, Credit Cards, Money Anxiety]
- Broker Your Household Bills: By using Flipside, you can determine the impact of saving 10% or 15% on your household finances. It provides insights into how negotiating your utility bills can have a significant financial impact. [Financial Goals, Bank Accounts, Budgeting Basics, Credit Cards, Money Anxiety]
- Life Transitions: Whether you’re changing jobs or taking a sabbatical, Flipside can help you understand how long you can sustain yourself financially before needing to earn again. It provides peace of mind during life transitions. [Financial Goals, Bank Accounts, Budgeting Basics, Credit Cards, Money Anxiety]
- Unlocking Illiquid Assets: Flipside goes beyond day-to-day finances and helps you assess the need to tap into illiquid assets such as term deposits, investments, pensions, property, or collectibles. It provides a comprehensive overview of your overall financial situation. [Financial Goals, Bank Accounts, Budgeting Basics, Credit Cards, Money Anxiety]
[Other: How to say no, Giving on a limited budget, BNPL, and many more]
User Benefits: Privacy and Empowerment.
Flipside places privacy as a top priority. Unlike traditional financial planning methods that involve conversations with planners or disclosing personal habits, Flipside ensures complete confidentiality. You become the planner, and all your financial discussions can be kept within your household. No more embarrassing arguments in front of strangers or uncomfortable disclosures of overspending habits. Flipside empowers you to take control of your financial planning, keeping all emotions and discussions private.
Watch our Flipside demonstration video (one-hour demo):
https://vimeo.com/832159785?share=copy
44 Ways to Boost Your Finances: We understand the importance of generating additional income. To help you on your financial journey, here are 44 ways you can boost your finances:
Here are 44 ways to earn extra income:
- Mystery shopping
- Rent out a spare room
- Rent out your home for films
- Advertise on your car
- Make money from your driveway
- Review stuff for cash
- Rent out stuff
- Unlock cash on unwanted gift cards
- Refer a friend
- Enter free competitions
- Get paid to browse
- Remove other people’s junk and sell it
- Tutoring (academic or music)
- Teach online courses (e.g., Udemy)
- Drive for a ride-sharing service (e.g., Uber)
- Business consulting or grant writing
- Host a foreign student
- Rent out your home on a short-term basis (e.g., Airbnb)
- Host photo shoots at your home
- Rent out your parking space (e.g., JustPark, YourParkingSpace)
- Sell products on eBay or Amazon
- Participate in online surveys
- Offer freelance services (e.g., writing, graphic design)
- Start a blog or YouTube channel
- Create and sell digital products (e.g., ebooks, courses)
- Offer pet sitting or dog walking services
- Sell handmade crafts on Etsy
- Become an affiliate marketer
- Invest in stocks or peer-to-peer lending platforms
- Offer gardening or landscaping services
- Provide home cleaning services
- Become a virtual assistant
- Offer personal training or fitness coaching
- Sell stock photos or videos online
- Participate in clinical trials or medical studies
- Offer babysitting or childcare services
- Sell baked goods or homemade meals
- Provide handyman or home repair services
- Offer car washing or detailing services
- Become a social media manager or consultant
- Sell your artwork or designs online
- Offer resume writing or career coaching services
- Get paid to watch movies (e.g., Swagbucks)
- Sell your junk mail (e.g., Small Business Knowledge Centre)
These options can help you generate extra income and boost your finances.
Conclusion: Partner Parade’s Flipside cash forecast app is a game-changer for financial planning. With its user-friendly interface, comprehensive modelling, and unique features, Flipside empowers individuals and households to take control of their finances. By utilizing this powerful tool, you can effectively manage your income and expenses, make informed financial decisions, and work towards a brighter financial future. Take charge of your financial well-being with Partner Parade Flipside today!
Get in touch for more details!
https://www.academyoflifeplanning.com/
Forecasting App (flipside.uk.com)
[The beta version of Flipside is available to try for free for a limited period. After the trial, the app will be available for £2/ month per user.]
Academy of Life Planning 