Financial Planning as a Decision Making Framework
by Nathan Schorsch, Head to Toe Financial
Financial planning provides a framework to make decisions through the lens of financial security as well as proper allocation of resources. This does not mean that capitalism and money are the end all be all, but with finance playing such a prominent role in our lives and relationships, utilizing financial planning as a decision making framework can help put you in a better spot when you encounter tough situations in life.
Financial Habits Weave Into So Many Areas Of Your Life
Finances weave into so many areas of our life, so we need to start early!
Think about it. Do you ever go back and think about all of the decisions, or the choices that you’ve made in a day? Let’s just try it. Just so you can truly understand all those choices. And the type, or the timing of how long it actually took you, to make that decision.
Get Specific Financial Advice – It Matters Eventually
There is no doubt, that right now you’re finding out the specific result of the tax cut and Jobs Act, that was put in place at the end of 2017. But we’re just now seeing the result of that, here in the beginning of 2019, after doing our tax returns. Did you get specific financial advice in this area?
For more on the benefits of financial planning, check out Good Financial Reads: Why You Need a Financial Planner.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.