This is the last blog in explaining The 6 Step financial planning process. We’ve done a lot so far:
If you followed those 5 steps, wouldn’t everything be fine and you can walk away knowing the future will be fine? We all know that life doesn’t going in a straight line. What is important to you today may not be as important to you next year. There are lots of things that you may change:
There are even more things that are outside of your control:
That is why it is important to tweak your financial plan on a regular basis to ensure that your finances stay on track with your goals. It can be difficult for people who are in good financial shape to feel that they need an annual planning meeting but financial planning is a journey, not a destination. You need to keep things up to date so only small adjustments are made each year instead of massive, costly ones when a major event occurs.
I hope theses articles on the financial planning process has helped you understand what goes into a financial plan and how it can help you. As always, if you have any questions, contact me at firstname.lastname@example.org