The Importance of Having a Financial Plan
Do you have a financial plan in place? If not, you’re not alone. A 2021 study by Charles Schwab found that only 33% of American families have a financial plan. So, if you are part of the majority of Americans that do not have a financial plan, I challenge you to consider putting one in place.
Here’s why it’s important to have a financial plan:
On a daily basis, every decision you make has a financial impact. Understanding your finances empowers you to make informed decisions.
A financial plan is a construct that helps you handle your assets so that you can make knowledgeable decisions that directly relate to retirement, education, vacation, housing, estate planning, etc.
In other words, financial plans help you get from where you are to where you want to be.
The following articles provide additional information on the importance of having a financial plan.
5 Ways Financial Planning Can Help
6 Reasons Why You Need a Financial Plan
5 Basic Benefits of Financial Planning
If you have any questions or would like assistance with creating a financial plan, contact me at taunya@abayawealthmanagement.comor click here to schedule a Financially Fit and Fearless consultation.