Financial Goals Getting Started

October 7, 2016 in Best of Both, Finances, Guest blog by MyBestofBothWorlds

 

Welcome to My Best of Both Worlds’ Guest Blogging feature Financial Fridays! 

Financial Goals Getting Started

My name is Susan Quigley and I am a Certified Financial Planner (CFP) in Long Island, NY.  A CFP is all about helping clients find their own “best of both worlds” financially speaking.  “Do I save for retirement or my kids college”?  “Do I add to my 401k or pay down my credit cards”  Each week we will build on these topics to help you build your own financial plan. You can also send in your questions – maybe we will answer them here!

Susan Quigley, CFP

Susan Quigley, CFP

CFPs are different than other advisors.  We help you coordinate all the areas of your financial life, not just your taxes or your investments or your legal documents.   CFPs have to take a ten hour, two day exam on retirement, taxes, investments, insurance, estate planning and financial planning.  All these areas affect each other, so a plan takes that into account.  As we go through different topics, we will help you prioritize your spending, pay off debt and create a plan to reach your financial goals.  Getting control of your finances is a great feeling and the first step!  Set your New Year’s Goal NOW so that you can start the year organized!

Financial Goals Getting Started

photo credit: Morguefile.com

The starting point of any financial goal is how to pay for it, and for that you need a REALISTIC  budget and spending plan.  Our plan for Financial Fridays is to work through a topic over a few weeks so that we do it properly.  Next week we are starting with creating a realistic budget.  From there we will move on to paying down debt and how to save for different goals.  Your HOMEWORK for next week is to gather the information you will need to build a budget.

Financial Goals Getting Started

photo credit: Morguefile.com

  • Download your credit card spending reports. Many will allow you to download it into Excel which will make it easier to organize and get info from it.
  • Download from your bank a history of your checking account, including bills, cash and debit purchases.
  • If you use mostly cash, then use an app or a note on your phone, or good old pen and paper to track where your money goes, plus your checkbook register or bank statements.
Financial Goals Getting Started

photocredit: morguefile.com

I still want to know WHAT topics you want to see!  Email me your questions at Squigley@americanportfolios.com, tweet them to me @SquigleyCFP or leave them in a comment below.  Follow me on twitter to get your financial “tweet of the week”!

Disclosure:  Registered Representative offering securities through American Portfolios Financial Services, Inc. Member: FINRA, SIPC Investment Advisor securities products/services offered through American Portfolios Advisors, Inc., an SEC Registered Investment Advisor Mortgages are offered thru Mortgage Advantage, Inc., which is not affiliated in any way with American Portfolios, or American Portfolios Advisors. NMLS# 414708