All this week, Financial Planning Week has been urging people to get their finances in order – a way to reach your goals in life, without over-stretching your bank account.
It’s an initiative of the Institute of Financial Planning, and this year’s event, which began on November 24th, is just the latest in a long line of annual weeks devoted to the importance of effective financial planning.
“It doesn’t matter how much money you have or have not got, we all need to make sound plans for our future,” the IFP says.
To coincide with the 2014 event, the IFP has published a list of tips and tricks designed to help people prioritise certain aspects of their personal finance.
For instance, it is important to understand your own cash flow position – and that means plotting your income and outgoings, assets and liabilities, so that you have an idea of how your finances should fare over the long term.
By setting half an hour aside, the IFP suggests that you can begin to build up a picture of your projected earnings and “get planning” for your future.
Alongside this, the other tips and tricks promote the importance of good advice – whether through reading free online resources and downloadable guides, or approaching a professional to make an enquiry about a particular aspect of your finances.
Financial Planning Week 2014 runs until November 29th, but that doesn’t mean the need for good financial planning ends there.
Use it as inspiration to get your finances in order, read up on the guidance available out there, and consult an expert on any areas of doubt – and you could find your life goals are within reach after all.