Financial Planning – Where to Start

Boy giving thumbs up to Financial planning message

Financial Planning is A Big Thing. Meaning that firstly, yes, it’s a crucial and significant part of life. But secondly, the financial planning industry is now huge, a massive sphere, and, to the uninitiated or inexperienced, can be a mammoth and daunting task. 

Seriously, where to start? Well, to quote the Sound of Music’s Maria, “let’s start at the very beginning; a very good place to start.”

What IS Financial Planning?

No, that’s not a trick question. Seems obvious, right? But not if it’s new to you, or you’ve always thought personal financial planning was for ‘other’ people. You’re not alone. A simple Google search for ‘What is Financial Planning’ throws up about 1,660,000,000 results. Primarily, let’s just clarify that Financial Planning is not just about high earners or hedge funds. Financial Planning is for EVERYONE. It’s not all about investment, tax planning or wealth management (although of course, we can help with that, too). 

Financial Planning does what it says on the tin. We will help you find the right expert for the right products to plan, maintain and protect YOUR finances. YOUR future security. Good financial planning will produce a comprehensive map of your current financial situation. From there, it will help you ascertain your financial aims and devise strategies to achieve your financial goals. Good financial planning will take into account your income and assets, cash flow, and any savings and investments. It’ll also look at your outgoings and any debt and examine and insurances and other financial products you have.

What will Financial Planning achieve?

Personal Financial Planning isn’t about working miracles. If the assets aren’t there, they can’t simply be conjured up. Personal financial plans CAN make the most of what you have, minimise any waste, and ensure the products you have are fit for purpose. Ultimately, thorough financial planning should save you money – and help you save more for the future. 

Financial Planning should be ongoing, a process to reduce your money worries, cover your current needs and help you save for long-term goals or retirement. And don’t make the mistake of believing that financial planning is just for the wealthy. Planning for your financial future is for everyone; us mere mortals need all the help we can get.

Where Should I Start with Financial Planning?

Glad you asked. Here at Bulbfin, we can help with everything you need to know AND find the right advisor, financial plans and products for you. No fuss and no fees. How? A few simple questions, a couple of clicks, a quick call, and you’ll be well on your way. 

There are thousands of different financial products available. Working out which would be best for you and your situation isn’t easy, so professional financial advice is the way forward. A financial adviser looks at specific financial products offered by various companies and recommends those that best suits your needs and circumstances. All Bulbfin financial advisers are regulated by the Financial Conduct Authority (FCA), meaning that you and your money are protected.

  • Financial advisers can help with:
  • Pensions and retirement planning
  • Saving and investments
  • Looking after a lump sum 
  • Inheritances
  • Buying Property
  • Mortgages
  • Major life changes and their economic impact

Perhaps it’s a given to consult an expert at times like that. But financial planning is for ALL the time, too. 

Here’s Where to Start With Financial Planning

It’s free to use Bulbfin to find your perfect financial adviser and start financial planning properly. Their advice is free to you; they make money if you choose a product they recommend. And that’s not the only advantage:

  • Save time
  • Reduce admin and research
  • Make informed financial decisions
  • Expert advice
  • Unbiased and independent recommendations
  • Find the best products for YOU

And it’s free. This advice costs you nothing but could help you save a LOT.

Start Your Financial Plans Today

Now you know where to start; what’s stopping you? The soon you start your financial plan, the sooner you can begin to save. There’s an old saying, something along the lines that nobody plans to fail, but failing to plan has the same result.

Don’t fail. Plan. Now you know WHERE to start your financial planning, the time to start is NOW.

Risk Warning
Any investment carries a degree of risk and your investments may decrease in value or fail. The levels and bases of taxation and reliefs can change at any time and are dependent on individual circumstances.