26 Oct How Solid Is Your Financial Plan?
Everyone has a different financial planning style. Some prefer to live lean while saving up for bigger things. Others have laser-focused determination to line the nest egg for retirement. Still others are happy to risk a little now while there’s still time to have some fun. However you prefer to plan for your future, that’s entirely up to you. There’s just one question you need to ask yourself: How solid is your current financial plan?
It Was the Best of Times…
When things are going smoothly, worrying about your financial future usually takes a back burner. You may have enough money coming in to pay all the bills, set some aside for the future, and to pay off some of your lingering debt. It’s easy to think that life will always continue this way. But have you considered some of the things you’ll need to plan ahead for?
- Children’s college fund
- Caring for elderly parents
- Unexpected death in the family
- Divorce or separation
This, in fact, is the best time to think ahead to the possibility of darker times, or maybe just happier things for the future. If you have extra now, make it a point to set that money aside, whether in a savings account or with some investments that will pay off when you need it the most.
It Was the Worst of Times…
If you’re currently struggling to make ends meet, then you’re already aware of how fragile your financial plan may be. That doesn’t mean you have to keep struggling to get ahead. With some drive and determination, you can pull through the lean times and perhaps even manage to set aside some money for your future.
It’s hard to imagine having extra when you’re struggling, but there just might be some room to wiggle. If you can’t find that wiggle room on your own, it’s okay to ask for help.
Planning for All the Times
Whether you’re experiencing good times or bad, you need a financial plan that sticks with you no matter what. We can help you first determine your Money Profile so you can fully understand how you view financial planning. Then we can set about making sure you have a plan in place that supports your personal financial style while also providing an unshakeable foundation for your future. If that sounds like something you need, give us a call.