Financial Plan
If you save $250 a month for 20 years, how much will it be?
$143,165
Where do I come up with $250?
- Downgrade cable package one level and get rid of the land line – savings $30
- Eliminate unnecessary insurance and adjust deductibles on existing policies – savings $80
- Minor adjustment in grocery shopping habits – $80
- Bring lunch to work twice a week – $60
Savings of $250 a month. You won't ever notice these minor adjustments and you will have a much happier time later in life. Use these calculators and see for yourself.
A financial plan will
- Give you a much greater confidence of where you are going in life
- Reduce your stress levels and let you start to enjoy life more
- Give you control and peace of mind through knowing whether you're on track for the future you want for you and your family
What is a financial plan?
A financial plan is a comprehensive evaluation of an individual's income, assets, liabilities, age and other factors to come up with a road map to a financial future in line with your goals, including planning for children's college, helping family members in need and enjoying a comfortable retirement doing the things you enjoy.
This often includes a budget which organizes an individual's finances and sometimes includes a series of steps or specific goals for spending and saving in the future.
Here are some of the questions you need to think about
- How much should I be saving in an emergency fund?
- Do my current earnings and spending habits align with my long-term goals?
- Is my family protected in case of unforeseen circumstances such as illness or an unexpected death?
- What would I like to do when I'm retired, and how much money will I need to make that happen?
- Are my investments being managed to meet my personal goals?
- Am I maximizing investment income and minimizing taxes?
- When should I begin taking Social Security?
I will work with you like I would a member of my family to help you save the $250 a month so you can have a better life when you retire.
If you would like to learn more about my Tucson based financial planning services, call (520) 589-7000 or contact me.