Health & Fitness
Julie's 12 Month Personal Financial Power Plan
Getting a hold of your finances can be overwhelming and stressful. Julie Brufke Wenger of Phoenix Tax Consultants in Phoenixville PA has created a list of 12 simple tasks to help you better understand for your future.
Here are twelve steps to creating your own personal financial power plan. You can do this in 12 days, weeks, months or at a pace that works for you. A couple of the Tax Tacklers clients are taking the annual challenge and sharing it on their blog monthly
12 Steps to a Personal Financial Power Plan:
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List all Assets
List all Debt Information and have a plan to reduce them and structure them to your advantage.
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Determined you current net worth.
Prepare a current budget.
Prepare a projected retirement budget.
Have a vision of what you will need financially in your future.
Look at your cash flow , compared it to your expenses and reviewed ways to improve it.
Develop a savings plan to accommodate current and future needs.
Review your protection needs to avoid landmines in the event of death or disability.
Ensure that you are leaving your assets to your loved ones efficiently.
List upcoming expenses both necessary and discretionary and included a strategy to take of the needed items and reward with the desired items.
Create an awareness of special topics like saving for college, special needs children and Medicaid planning.
Good luck and stay with it! These are 12 great steps toward creating a better, safer future. This knowledge empowers you with control over your future financial destiny.
To follow Julie’s tips and clients’ stories visit: http://taxtacklers.com/blog
