Ask Kim: Seeking Stability

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?


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!

Ask Kim

Investment advisory services offered through Equita Financial Network, Inc. (“Equita”). Equita also markets investment advisory services under the name Next Step Financial. The foregoing content reflects the opinions of the author(s) and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct.  

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