#023: How to Create a Financial P-L-A-N
Life is Life!
English - October 18, 2019 13:00 - 56 minutes - 38.6 MB - ★★★★★ - 6 ratingsEducation Business personal finance financial literacy financial education credit cards debt student loans Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
One word that pops up frequently when talking about finances or a budget is "plan." A seemingly simple word, but in reality, it's our "plan" for our money that really makes a difference in our wallets.
What does a financial plan look like?
It's different for every person/family/couple. But some common examples include buying a home. Most of us can't afford to wake up in the morning and purchase our dream home later that same day. For a majority of us, we need time to save up money for a down-payment.
So what do we do?
We come up with a plan to buy a home. We determine how much we can afford, we research neighborhoods, school districts, our commutes, etc. Similar plans are made when adopting a pet, having a child, getting married, buying a car, and even going on a vacation.
When we don't have a plan or a goal we're working toward, we're not always mindful of where we're spending our money. And sometimes that can get us into trouble.
In this episode, Chase, Felipe, and Katie chat about why we need financial planning, how a plan helps you stay out of debt, and how to get started.
About the Show
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