MT Week - Why you should be thinking about financial planning

Have you thought about financial planning?

If you’re under 40, chances are you haven’t. And even if you’re over 40, it may still be on the back burner.

But financial planning is important, and it can be hugely beneficial.

In the short to medium term, it can be used to make debt more manageable and curb your spending. In the longer term, it could help you prepare for retirement and build generational wealth.

Obviously if you have a lot of money to play with, it pays to seek financial advice, especially when it comes to estate planning and maximising tax efficiency.

You’ll be able to find financial advisers regulated by the Financial Conduct Authority on places like Unbiased*, although word of mouth is often the best.

Even if you don’t have a lot of money, financial planning is still worth thinking about. And you can do a large part of it yourself. Here’s how.