Dear Kim,
I tried to be proactive and make a financial plan for myself when I got my first “big girl” job after college. It’s been a few years now, and I’m beginning to realize that I may have outgrown my plan, or rather, I can allocate my money in different ways now than I could when I was young and didn’t have a reliable source of income. How often should I review and adjust my financial plan?
Sincerely,
Seeking Stability
We review our client’s financial plans at least once a year, more often if there has been a significant change in their situation.
Some examples of life changes that may make it necessary to revisit a financial plan include marriage, the birth of a child, divorce, job change, or the death of a spouse.
Financial plans must be flexible. Very rarely is one made with the mentality of “set it and forget it.” We don’t live stagnant lives, and our plans must be dynamic to change as our lives change.
If you need help navigating your finances, talk to Kim Spencer by clicking the link below!
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