Financial planning

What is Financial Planning?

Financial Planning is the process of managing your finances in line with your life goals. Life goals can include buying a home, managing your and your children’s wellbeing, saving for their education or planning your retirement.

Financial Planning might sound like something for the wealthy, but in reality it is something we should all be doing, regardless of our current financial position if we are to make the most of our lives.

In its most simple sense, Financial Planning involves gathering your information, working out what is most important to you in life: your goals. Then, by adding timescales and costs, you can work out how to get where you want to be in life by planning your finances accordingly.

Financial Planning is also the process of developing strategies to help you manage your financial affairs so you can build wealth, enjoy life and achieve financial security. Whether this is taking some simple steps yourself or seeking professional help, Financial Planning is an effective way of ensuring you are fulfilling your life ambitions without having to worry about your finances.

By matching your finances to your goals you will be in control, reduce stress and have a much clearer view of where you are going.

What is a Financial Planner?

The role of a qualified professional Financial Planner is to look at all aspects of your lifestyle, goals and requirements and develop a financial strategy suitable for you.

This will include preparation of a lifetime cash-flow forecast using Starkey Financial Planning’s state of the art software, Voyant.

This builds a picture of what your long term financial future might look like using information that you provide about your income and expenditure now and what you will need in the future to maintain your lifestyle.

Introduction to Financial Planning

Financial Planning Proccess