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Make FinancialPlanning a Family Affair
With today’s financial climate theentire family needs to be involved!
 
What should you spend themost time planning?
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Weekendbarbeque
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Child's birthdayparty
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Annual vacations
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financial future
 
Create Your own Personal Listof Family Money Values
2. We have been helped by others financially so we want tohelp others financially. Giving back is important to us.3. We want to be debt free as much as possible. We first wantto look at options to save to acquire things rather thanborrow to acquire things.4. We want to pass on our values about money to our childrenand grandchildren. Part of our legacy will be to help ourheirs put money in its proper perspective.
Below are examples of Family ValueStatements
The couple should then divide their money into 4departments. I use a simple page divided into 4 sections bydrawing a cross. Label each section as follows:1. Donating2. Saving3. Investing4. Spending
Helpful Hint :
I would put them in order of importance to the family. I wouldencourage them to put Spending last on the list. This will help the family live withintheir means. Put in each section how much is going into each. How balanced are thesections? Are the family dollars being allocated according to their importance? Arethe dollars being spent with an eye towards tomorrow or just today?
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