Managing your finances can sometimes feel overwhelming, especially when there is so much advice out there. It’s easy for the end result of budgeting to feel so far in the distance it hardly seems worth trying. We all need help with our finances. Sometimes and often it takes an expert to find the best solutions for the best possible outcome.
Expert Wealth Management focuses less on the end result and more on the steps you need to take, so your financial goals seem far more achievable.
With a chartered financial planner at hand, you’ll have the opportunity to create a plan with easy, achievable steps you can start taking now. Support along every step of the way means you no longer have the frustration of trying to make plans alone.
Here some ways in which financial planning with Expert Wealth Management can help you.
Who can benefit from creating a financial plan?
People from many different financial backgrounds use our services, from those with a modest income to high earners. You could be a business owner or an employee. Equally, you might manage your finances reasonably well or you might struggle with financial planning. Expert Wealth Management is for anyone wishing to take positive steps towards a better financial future.
This might mean tweaking already good practice to get even more out of your income, or changing your spending behaviour completely step by step so you have more control when looking to budget your finances. If you’re a business owner, you might need support navigating the tax system or pension advice.
Wherever you are in your life and with your finances, Expert Wealth Management can help you create a realistic financial plan to get you on the right track.
How is a financial plan created?
After finding out as much information as possible about your finances, your financial advisor will work with you to set some goals, and together you will order them based on your priorities. With a clearer picture of your current status and a good sense of where you are aiming financially, some specific steps will be identified as important in achieving your goals.
By answering these questions and realistically looking at your financial situation, a financial planner will work with you to set a series of personalised financial goals, based on what you want out of your life.
Your advisor will discuss these with you so you can decide which actions you wish to take. Many actions can be taken straight away so you can get on the right track as soon as possible. Support is available to you while you make the necessary changes to your financial practice.
Adjust the plan over time to account for changes in circumstances. Doing this will give you the best chance of achieving your goals.
Why is a financial plan effective?
Without keeping an eye on spending, it’s easy to part with more money than we have. This can lead to a debt spiral and take us even further away from where we want to be in life. Financial planning essentially aims to answer two questions: how much are you spending in relation to how much you earn, and what can you afford to spend now and in the future?
The financial plan will detail the steps you need to take to fulfil your financial aspirations. This includes learning to budget your finances. After the planning process is complete, you’ll have a much clearer idea of what you can afford to do and what steps you need to take to make it happen. The whole process takes the stress out of budgeting because you will know exactly what you need to do to achieve your goals.
This will make the outcome seem more obtainable and in reality it will be, because you’ll know what action to take.
Whatever your circumstances, Expert Wealth Management is about giving you a clearer understanding of your financial situation so you can start making positive steps today towards a brighter future.
To find out how to budget your finances effectively, or for more information about the financial services we offer at Expert Wealth Management, get in touch today. Call 01993 772467 or contact us online.
