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.
At Money Mechanics we take a values based approach to financial life planning. This means helping you to understand your relationship and habits when it comes to 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
Money Mechanics works with you to create a financial plan which identifies your financial life goals and incorporates your 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 their 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.
Tailor Made Financial Plan
The Money Mechanics financial planning philosophy is to work with you, alongside your existing professional advisers (may include your accountant, estate planning specialist and mortgage broker).
This collaboration ensures we address your financial and budgeting needs and are aligned with the key financial and estate advisors you work with.