October is National Financial Planning Month

<p>Hey Money Bosses! The sooner we can start working on our finances, the easier it gets! For National Financial Planning Month, I want to chat with you today on creating your financial plan and what that looks like and the pieces and parts that are important to review when making a financial plan.</p><p>First of all, your financial plan is a roadmap and needs to have two things: a deadline and a dollar amount. It is helpful if you take out a piece of paper and break down what you want to accomplish in the next 3 years, 5 years, 10+ years. Don’t worry about funds during this time. Sit down and have a “money date” with your partner to chat about these things. It is important to look at all of these following parts when creating your financial plan.</p><p>Then, I want you to really get an understanding of your “financial pulse”. The parts of a financial pulse are:</p><ul><li>Get a good review of your spending.<ul><li>Where is your spending?</li></ul></li><li>If you are working on tackling debt, do it now.<ul><li>Need to update, review, and discuss with your significant other about your emergency reserves.</li><li>Need to evaluate if you are still on target.</li></ul></li><li>Think about your investments.<ul><li>What are your long term goals? Retirement? What are you saving? 401K? Education savings for kids?</li></ul></li><li>Global review<ul><li>What is the plan for next year? What are the short term goals (next 12 months)? What are the long term goals?</li><li> </li></ul></li></ul><p>Consider this time to be your resetting point for next year and make progress on reaching your financial goals!</p><p>Tune in to hear all of the tips that I share with your on creating your financial plan!</p><p> </p><p><strong>EPISODE SPONSORS:</strong></p><p>Money Flow System - <a href="https://money-flowsystem.com/optin27480464"><strong>Download Free Money Flow Playbook and start automating your finances. </strong></a></p><p> </p><p><strong>SUBSCRIBE & SHARE:</strong></p><p>Want to be the first to know when new episodes are release