Key financial numbers
Choosing between competing financial priorities is one of the most challenging elements of any household financial decision making.
However, focusing on financial goals (without the numbers) is a great way to start putting a plan together. How does that work?
Here is a list of some of the common goals we here from our customers;
Build-up emergency savings
Making sure my financial dependants are protected
Pay-off credit card and short-term loans
Get a mortgage/pay off mortgage
Save for my retirement
Childrens education costs
Planning to change my job
Question - how well do you know your personal financial planning numbers?
For most, not very well.
Financial planning is not about focusing on one thing.
Keeping it simple is starting with the following;
Emergency monies. How much do you have access to today if you needed money in hurry?
Percentage of your income being saved.
Percentage of your income being spent on debt.
Your net wealth.
What income do you think you will need when you reduce the time you spend working?
Want to know more? We are available to discuss your options, and we look forward to hearing from you.
telephone | 091441188 and/or email | office@nelsonlife.ie
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