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Showing posts from November, 2020

Tips when making your financial plan

So here are my 3 tips to successfully write your financial plan: Make it personal It's easy to get wrapped up in watching YouTube videos and read articles about how other people create their financial plans. The difference is, that is their financial plan . Not yours. And it is important for you to realise that and make your plan suit your needs. As every person is different and will have different needs. Revise it Things change. Situations change. Jobs change. And so should your financial plan . As life changes, kids come along, people get promoted, your needs and wants change. And that is why it is important to revise your financial plan at least once per year, but preferable every 6 months. Consult a professional As much as you can do it yourself a professional can bring in some better insights. They can be objective and help hold you accountable to your plan. They can offer advice on where to save your money, how much to save, and what debt to pay off faster. These