Family Planning Question

Why do most families spend more time planning their vacations than their financial futures?

Incredible as this may seem, and I have heard this many times of the years, most families will put more time and effort into planning a vacation than they will their family's financial futures.

Is it because they are not comfortable with subject of family finance? Is it because they are afraid of the results (or lack of results) if they ever penciled out their financial futures?

Having a family financial plan (no matter how brief) is better than having no plan at all. No one ever started out having everything they needed or wanted. They needed to work towards their goals and objectives. Without a clear definition of what these goals and objectives are there is no target to aim for, nor direction or focus for your efforts.

A plan can be started very simply over a cup of coffee (or two) and a 60 minute discussion of options. Overtime, and a few more 60 minute meetings, a real family plan can take shape and develop into a very useful tool.

If you would like a free cup of coffee, with no pressure, to kick around some family planning ideas, let me know. I am always available for second opinions!

Reg Baker, CPA PFS

www.regbaker.com