Part of the picture of financial planning might also involve planning for what happens if you get ill or if you are no longer able to care for you family. It is important to have an appropriate will in place to protect your family, and there are other ways of thinking about how your family will be able to manage without your income should you fall ill or die prematurely, through insurances.
We can all choose to spend our money differently, but a good financial plan involves thinking about what you want for your life and forming your own plan. The best place to get started is to work out some life goals some might be short term goals some medium or long term goal, it can help to write them down. Then it is worth assessing your assets and liabilities and taking a long hard look at your current financial situation asking yourself how close you are to achieving any of your goals. Once you have a clearer idea of what you want you can then work on a “route map” for achieving your different goals this is where one of Enable’s IFAs might be able to help you implement your plan. If you already have a solid financial plan we can help you monitor your plans an annual review is always a good idea.
Issued by: Enable Independent Financial Life Planners • 25c North Street, Bishops Stortford, Herts CM23 2LD • Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE
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