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October is National Financial Planning Month

October is National Financial Planning Month

October 07, 2022

October is National Financial Planning Month

Offered by Rob Taylor

Written by Carmen Garcia

Did you know that October is National Financial Planning Month? With the year 2022 coming to an end and a new year just around the corner, what better time to begin planning for your financial future. The holidays are fast approaching, and this month is the perfect time to get your budgets and finances in order before life gets busy. Whether you're just starting out in your career or nearing retirement, it's never too late to get your finances in order. A financial planner can help you create a budget, set savings goals, and make a plan for your future.

You can celebrate National Financial Planning Month by taking the time to brush up on your financial literacy, as well as taking steps to get your finances on track. Here are some tips to get started:

Create a budget:

When it comes to financial planning, budgeting is one of the most important tools you have at your disposal. By creating a budget and sticking to it, you can ensure that your finances are on track and avoid overspending.

The best place to start is by looking at your income and expenses. This will give you a clear picture of where your money goes each month. From there, you can start to make adjustments that ensure that your spending aligns with your financial goals.

Set savings goals:

When it comes to savings, it's essential to have specific goals in mind. Whether you're saving for a down payment on a house, a new car, or to have a cushion in case of an emergency, setting savings goals will help you stay on track.

One way to do this is to set aside a certain amount of money each month. This can be automatically transferred from your checking account to your savings account or you can set up a separate savings account and make manual deposits. Another tip is to make use of financial planning tools, such as a budget worksheet or app. This will help you track your progress and ensure that you're making headway toward your goals. By taking the time to set savings goals and plan for your financial future, you'll be well on your way to achieving your long-term financial goals.

Create a retirement plan:

Retirement planning is essential for anyone who wants to enjoy a comfortable retirement. Create a retirement plan by working with a financial planner to map out your finances for the future.

Why Work with A Financial Professional?

Many people choose to work with a financial professional when it comes to planning for their future. There are several key benefits to this approach. First, a financial professional can help you take a comprehensive look at your finances and make sure that all your bases are covered. This process can be especially helpful if you are nearing retirement age or have other major financial goals. Second, a financial professional can provide ongoing support and advice. This is especially helpful if your financial situation changes unexpectedly or if you run into any bumps in the road. Third, working with a financial professional can help you stay organized and on track. This is especially important if you have many financial goals or if your finances are complex. Finally, working with a financial professional can give you peace of mind. This can be an invaluable benefit as you work towards achieving your long-term financial goals.

Working with a financial professional and making small changes in your spending and saving habits can have a big impact on your financial future. So, take advantage of October's National Financial Planning Month and get started on the road to financial success.

DISCLAIMER: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of Global View Capital Advisors. LTD (GVCA) or any of its affiliates. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.