Why a financial plan isn’t just for the super-wealthy

A financial plan is defined as a plan that covers savings/ investments, retirement planning, education, emergencies, major purchases, insurance needs and other financial goals.  A financial plan is often associated with those kinds of people who have so much money they don’t know what to do with it.  This however simply isn’t the case, as a financial plan can benefit people no matter what their income level.

It is also important to remember that a financial plan isn’t just for older people.  If you’re in your twenties a plan can help you to budget for a deposit for a house for example and can stop you making financial mistakes. The most financially successful people have been making good financial decisions for a long time which makes them more likely to achieve their goals.

Financial planning can help you to decide whether your goals are realistic and achievable and can also give you an idea of how long it is going to take you to get there.  Looking at a well put together financial plan can also help you to identify areas where you can cut back on spending to help you reach your goals quicker than you expected.

As well as helping you to cut back on spending, your financial plan could help you to identify areas where you could maximise your money.  A financial planner may be able to suggest options you may not have considered before.  Similarly, an adviser may be able to help you identify risks you haven’t previously thought of, for example, the risk of losing your home if you can’t afford care home costs.

Finally, you will then be able to easily monitor your progress towards achieving your financial goals which will give you much more confidence.

So, why not book a consultation with one of our planners today and make your own financial plan to take the stress and uncertainty out of your finances.  

 

Why Choose us

Icon1

Investment portfolio review

Icon2

Cash flow modelling

Icon3

Fully Independent

Icon4

FCA regulated

Icon5

Financial planning

Icon6

Estate planning qualified

Icon7

Pension transfer specialists

Icon8

Occupational pension specialists

Icon9

All types of mortgages

Icon10

Care fee planning

Icon11

Low cost fees

Icon12

Corporate planning

Icon13

Wealth management

Icon14

Retirement planning

Icon15

Inheritance tax mitigation