Develop a financial plan and make it unemotional

By Tabitha Tworek

Understandably, some people get a bit overwhelmed if they tackle a big set of problems all in one step.

Instead of seeing financial goal setting as an all or nothing task, we believe it is about breaking up that one big future, into many chapters filled with stories unfolding at the same time.

For the vast majority of people, having a financial plan is the key to being able to achieve their goals. And whilst 20, 30, 40 years may seem far away, it’s amazing how quickly time passes!

We suggest breaking down financial actions into regular and predictable chunks. Small, incremental goals, do actually work their way towards one big goal! For example, looking at salary sacrifice, a weekly amount seems so much easier to commit to, compared to an annual amount. But at an annual review, the tax savings achieved will seem so much more worth it after a year.

Below I share a couple of more ways we can help you reach your financial dreams faster.

Strategic Saving

When you’re looking to save money you need to be strategic. Becoming a strategic saver means having a game plan where you start the journey setting your goals in place and then establishing a step-by-step system to achieve these goals. In simpler terms, we help you set a ‘bigger picture’ game plan that will last.

Realistic Roadmap

Once we have clearly defined your financial goals, we would then create a realistic roadmap that drives toward them. The roadmap will show you where you are today, the steps you need to take to get where you want to be, and how long it will take you to reach your desired financial goals.

We make sure that your roadmap is aligned with your goals and you stay on track to reach your goals by doing regular monitoring. After all, a goal without a clear path to get there is just a wish.

Unemotional Assessment

When it comes to money, letting your emotions make decisions for you can be dangerous. To avoid that we plan for your finances on a systematic and objective approach. We help to take some of the emotional decisions out by automating some of the regular steps (also so that you don’t procrastinate!). For example, we might recommend that you invest a small amount monthly, at every stage in the market cycle, instead of saving an amount of money up waiting for a right time.

Ongoing Advice

As well as reviewing the progress of your investment portfolio and other investments, we offer ongoing advice and reassuring guidance. We consider where you are, where you are hoping to be, and the small tweaks and changes needed to help you to get there.  Part of the role of providing advice is to foresee any potential pitfalls.

Come and have a chat with us to help you take the emotion out of your investment and develop a comprehensive plan tailored to your requirements.