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10 Reasons a FoxPlan Financial Plan is for YOU

Why You Should Consider a Financial Plan

Financial planning is the process of taking a comprehensive look at your financial situation and building a specific financial plan to reach your goals. As a result, financial planning often delves into multiple areas of finance, including investing, taxes, savings, retirement, your estate, insurances and more.

A financial plan allows you to see the big picture of your finances and any plans you have in mind. A good financial plan includes details about your current situation, short-term goals, long-term goals and how you'll achieve them.





Here are ten reasons why we think financial planning – with the help of a professional financial adviser – can help you pursue and reach your goals.

  1. Income: It's possible to manage income more effectively through planning. Managing income helps you understand how much money you'll need for payments, other monthly expenditures and savings.

  2. Cash Flow: Increase cash flow by carefully monitoring your spending patterns and expenses. Maintaining sensible spending habits and creating a well-managed budget will help you keep more of the money you make.

  3. Capital: An increase in cash flow can lead to a rise in the amount of capital you have, which means you'll be able to work towards improving your overall financial well-being and potentially start to consider ing investments

  4. Family Security: Providing for your family's financial security is an important part of the financial planning process. Having the proper insurance coverage and policies in place can help create peace of mind for you and your loved ones.

  5. Investment: A proper financial plan considers your personal circumstances, objectives and risk tolerance. It acts as a guide in helping choose the right types of investments to fit your needs, personality, and goals.

  6. Standard of Living: With proper planning, you can maintain a high quality of life even in times of economic difficulty. For example, you could make sure there is enough insurance coverage to replace any lost income should the household's main earner become unable to work.

  7. Financial Understanding: Better financial understanding can be achieved when measurable financial goals are set. It's important to set measurable financial goals, understand the effects of decisions and review your results. This gives you a whole new approach to budgeting and improves control over your financial lifestyle

  8. Assets: A nice 'cushion' in the form of assets is desirable. But many assets come with liabilities attached. So, it becomes crucial to determine the real value of an asset. Undertaking this process will help build assets that don't become a burden in the future.

  9. Savings: One thing that most people are aware of is the importance of starting to save for your future. It used to be called saving for a rainy day, but sudden financial changes can still throw you off track. It is good to have some investments with high liquidity. These investments can be utilized in times of emergency or for educational purposes.

  10. Ongoing Advice: Establishing a relationship with a financial adviser you can trust is crucial to achieving your goals. Your financial adviser will meet with you to assess your current financial circumstances and develop a comprehensive plan customized for you.


Financial planning is an ongoing process that can reduce your stress about money, support your current needs and help you build a nest egg for your long-term goals, like retirement.

Creating a financial plan is important because it allows you to make the most of your assets, helps ensure you meet your future goals and gives you the confidence to weather any bumps along the way.

We help people understand their current financial situation, assist them with knowledge and skills, as well as offer guidance and advice to achieve their short, medium and long-term goals. A total Financial Plan consists of three key areas; control of money, confidence in your investments and certainty of plan B.


Book a free discovery call with an adviser to discuss financial planning here



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