What is Financial Life Planning?
Financial Life Planning is the process of helping to formulate a financial plan to help you achieve your life goals. These life goals can be cover a number of areas from investment and retirement to leisure and travel.
We recommend a values based approach to financial life planning. This means helping you to understand your relationship and habits around money. Once we understand this, we can identify the gaps and ensure you develop the right habits to achieve your financial life plan.
Values based Financial Life Planning
Values based financial life planning looks at your upbringing and how that has impacted your attitudes and behaviours around money. Our framework helps to understand the causes of these behaviours which allows you to ensure your habits and behaviours around money are aligned to you true values. This ensures a good balance between budgeting and living life to the full.
Our financial life planning process starts with asking you the right questions to help understand your underlying habits, attitudes and relationship to money that drives your behaviour.
Defining your relationship with Money
As part of the financial planning process, we invite clients to participate in a money type quiz. This helps to understand subconscious patterns and behaviours around money. Simply stated, our relationship with money shows us “where we are”. This enables us to change our behavior as we become more aware.
Financial Planning Process
The following diagram represents the financial planning process and should be viewed as a fluid approach as things change in your life.