Dominik Holasek Personal Finance Consulting
Helping individuals and families understand their expense structure and identify savings & optimization opportunities to reach their financial goals
Personal Finance Analysis
Understanding the structure of your income and expenses is a crucial part to financial health. Once recurring income arrives to a bank account, a wide variety of everyday expenses and spendings occurs, which often makes the savings potential hard to identify. And yet, savings are what fulfills our long-term financial & life goals.
This is where I can help by presenting the interaction of income and expenses in a clear & concise form. This information is then used to optimize and operationalize recurring spending to maximize savings.
Anyone is welcome to sign up for a consultation with me, regardless of income levels. I believe that personal financial health is not about the income level…it’s all about the expenses.
Who is Dominik Holasek?
I have been involved with personal budgeting for a long period of time. I am well qualified to assess and advise on personal financial health matters due to my extensive experience with personal and corporate budgeting. I have a Master degree in Finance and worked in the banking industry as a loan officer (mortgage and personal loan underwriting) as well as in corporate budgeting (leading teams analyzing and preparing budgets for private equity technology companies).
I am located in Denver, Colorado and like skiing and traveling! I am also very responsive, so don’t hesitate to send any questions my way!
What will we discuss at our session?
Recurring Income & Expense Overview
Analysis of income and expenses day by day in each month, categorization of spending and identification of optimization possibilities.
Ad-Hoc Expense & Saving Potential
Ad-hoc expenses (also called non-recurring or simply “fun” expenses) are identified alongside the desire to maximize savings. This is an important part of the entire session, as it impacts spending habits.
Personal Net Worth / Equity
Income and expenses by themselves don’t show the entire picture of one’s finances as they only show the cash flow over time. Assets and liabilities are the missing piece of puzzle, as their interaction at a specific point of time reveals personal net worth and its structure.
How will the information help you?
Financial Health
Knowing the spending limit is an important aspect of financial health. You will know the limit for ad-hoc expenses and how much savings you can expect in a specific time horizon. The ultimate use of the identified savings is then left up to you.
Optimization
Once the expense structure is identified, you will have the opportunity to revisit all recurring expenses to further increase your savings potential. This also applies to debt optimization and consolidation opportunities.
Operationalization
No plan can succeed without its realization. At the end of our session, we will discuss common tips and approaches that will help you stay on top of your spending plan.
“TBD”
TBD