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4 Pitfalls of Not Having a Financial Plan

Carson Wealth

There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability. And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being. Let’s break each one down.

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How to Financially Prepare For the Unexpected

Gen Y Planning

Review Insurance Coverage One of the most effective ways to financially prepare for the unexpected is to incorporate the right insurance coverage into your financial plan. Researching and comparing: Not all insurance policies or providers are created equal.

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6 Financial Planning Mistakes Physicians Make

WiserAdvisor

A financial advisor can help you understand the intricacies of financial planning for physicians. Below are 6 common financial planning mistakes physicians make: Even though financially well-off, physicians tend to make several financial mistakes. Many physicians do not have a budget to help them plan their finances for every month.

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How Much Should I Have Saved in My 30s?

Carson Wealth

Your financial planning needs get more complex than in your 20s. Managing Debt  . Like many people in their 30s, you may have accumulated a variety of debt. Establishing Appropriate Insurance Coverage  . Insurance tends to fall into one of three categories:  .

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The 15 Worst Financial Decisions And How To Recover From Them

Clever Girl Finance

What to do if you have credit card debt: I like to describe debt as a stumbling block on the path to building wealth. And to get past it, you need to have a plan to roll (or blast) that block out of your way! It can be very difficult to save money when you are paying back debt at high interest.

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How Will My Financial Plan Change Over the Course of My Life?

Carson Wealth

Your financial focus and planning in each decade should follow suit. Which decade should you really start to plan for retirement? Which decade should you really start to plan for retirement? Which decade should you focus on managing debt? Planning in Your 20s Is youth wasted on the young? Invest in yourself.

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Ten Steps To Creating A Solid Financial Plan For Yourself

Clever Girl Finance

No one cares about your financial well-being more than you, so it's important to have a financial plan for yourself. Knowing how to make a financial plan will allow you to save money, afford the things you really want, and achieve long-term goals like saving for college and retirement. What is a financial plan?