Monthly financial planning? What is it and where to start?

 Monthly financial planning is usually the first task for those who want to control their finances and learn to analyze where their money is going.

 However, those who believe that this methodology is limited to just controlling expenses or income are mistaken. It is much more complex and serves, mainly, to provide you with a greater and better quality of life.

 After all, without a methodology and an action plan, we hardly let our dreams come true. Here, we believe that, as long as you have a goal and turn it into a goal, you can make it possible.

 Therefore, with the aim of helping you understand the concept of financial planning a little better, ASK brings in this content a guide on everything you need to know to start diving into this universe.

 What is a monthly financial plan?

 Basically, monthly financial planning, as the name suggests, is a strategy capable of helping you to have control over your decisions, and making the month's money not become a constant problem.

 This methodology also usually takes into account many important factors, such as:

 ·         The profile of each person.

·         Personal characteristics;

·         Life stage;

·         Goals and values ​​(personal).

 Therefore, you will never be able to find a financial plan that is the same as someone else's, as each of us has different thoughts and goals.

 And, although this is still a little talked about subject, it is fundamental to help in the financial health of your life, John Labunski.

 What is a financial plan for?

 As you can imagine, financial planning, despite having its main focus on helping to improve your finances, is much bigger than that.

 In addition to being able to control expenses and income, you can set concrete goals to be achieved. In other words, dreams can become goals. Through goals, it certainly can become real.

 We often forget that these financial accomplishments (the trip with the kids at the end of the year, the dream apartment, the career transition, starting a small business) will only happen if every month a part of our income is directed towards this. . Being done on an ongoing basis, it can help you make short, medium and long-term decisions. This is even one of the reasons why you should consider monthly financial planning for the rest of your life.

 Well, if you value quality of life and tranquility, this will certainly be one of the simplest ways to conquer all this.

 How to make a strategic monthly financial planning?

 From now on, we are going to separate some fundamental points that you must take into account if you want to develop a quality personal strategic plan.

 Believe me, although it may seem complex at first, we can guarantee that this is the best way for you to have better long-term results in all areas of your life.

 Know how much you cost

 The first step for you to start monthly financial planning is, in fact, to understand how much your life costs.

 In this process, it will be necessary to put all your expenses and income at the tip of the pencil.

 Therefore, select which are the fixed and variable expenses, as well as your income.

 You prescribe

 To get started, you should list all your monthly entries. If it is variable, consider a conservative average of the last 6 months or 1 year.

 This is the total that we will have every month to choose how much will be spent and how much will be saved.

 Also list any entries you have, such as the 13th salary and vacation, for example. After all, we also need to plan where that money will go in the month you receive it.

 Fixed expenses

 Here, you will be able to select everything you need to pay every month and that do not have a very large price variation. That is, at this stage it is time to select categories such as:

 ·         Rent;

·         Telephone;

·         Internet;

·         Tuition;

·         variable expenses

 This stage, on the other hand, refers to all monthly expenses or expenses in which the values ​​​​can vary greatly from one month to the next,, like:

 ·         Supermarket shopping;

·         Leisure expenses;

 Incidental expenses

 It is important to emphasize that, for monthly financial planning, it is essential to remember that there are some incidental expenses that may impact your schedule.

 Basically, they're expenses that don't happen every month, but you get some predictability.

 Set aside a part for investments

 As important as paying monthly bills, it is necessary to think about separating part of your income to achieve your projects.

 Whether for the emergency reserve, to leverage a goal or simply for retirement. Investing your money is a current and essential need.

 At this point, it is essential that you really develop the habit of saving, so that any unforeseen circumstances do not directly impact your budget.

 Always keep in mind that the money to be invested should never be separated last. Within your planning, see it as a "fixed expense", however, with a return within the predetermined period.

 Keeping track of monthly financial planning

 In order for you to be able to organize your financial planning, and to have better visibility of your goals, objectives, expenses and income, it is essential that it is always visible and that it is easy to access.

 With the technology of the current universe helping us in different ways, you can develop your project on different platforms.

 Even if you are interested in knowing different ways to control spending, you can  access this link  and learn about some very interesting options on the subject.

 But is financial planning just that?

 When faced with content like this, many people believe that, when talking about financial planning, we are only referring to the month's bills.

 However, this is just the introduction to a topic as complex as this. However, we can say that financial planning is made up of five more areas, which you will get to know with us over the next few weeks:

 ·         Financial management (monthly planning);

·         Asset management;

·         Risk management;

·         Retirement planning;

·         Succession planning;

·         Tax planning.

 Is it worth doing a monthly financial plan?

 A financial plan should be taken into account by all people who want to have greater control over spending and like to have goals and objectives met.

 In addition, this process helps you not to get lost in the face of finances and avoid having complicated unforeseen events, capable of jeopardizing all your income.

 Therefore, we believe that this is the best way to have a peaceful and long life.

 However, if you want to know how to put together a financial plan in practice, be sure to talk to us about the topic, both in the comments below, and in our call center.

 We will be delighted to welcome you here. And now? Set up your plan with John Labunski Safe Investment?