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A Regular Financial Review Is Like An MOT For Your Money

A Regular Review Process Is Such An Important Part of Your Personal Financial Planning. It's Like a Full Service MOT For Your Finances.



The world changes. Investments go up and down. Rules and regulations get tinkered with. Tax becomes more taxing. Prices invariably rise. The numbers are always changing.


For better or worse, your life changes too. Birth, death, marriage, divorce, sickness and health. A new job. An inheritance. A new house. A new school for the kids. Another year passes.


LIFE DOESN'T FOLLOW A STRAIGHT ROAD, SO NOR CAN YOUR FINANCES


With each of these events, your priorities change, your investment outlook changes and your hopes and fears change too. This is why a regular review is such an important part of the financial planning process. It’s like a full-service MOT for your finances.


Perhaps “review” is the wrong word because, just like an MOT, it’s not about the past. We can learn from the past, but we can’t change it.


Instead, it should be an evaluation of your present and your future, an opportunity for a SWOT (Strengths, Weaknesses, Opportunities & Threats) analysis of your current and future position.


HELP YOURSELF FEEL IN CONTROL AND ON TOP OF THINGS


Diarising a regular review will help you hold yourself accountable for the part that you play in your own success.


As well as helping you feel safe and secure, it allows you to re-prioritise your to do list for the next 6-12 months.


Therefore, whilst it’s not a legal requirement like an MOT on your car, it can be a hugely rewarding habit to form.


That’s why we make it an integral part of the process for each of our clients.


You can’t predict the future, but you can certainly prepare yourself for it. And the more prepared and engaged you are, the more relaxed, motivated and secure you’ll feel on your journey.


GET INTO THE HABIT OF REGULARLY REVIEWING YOUR FINANCES, IT MIGHTY BE THE BEST FINANCIAL DECISION YOU EVER MAKE


So, dust off that spreadsheet or find the list you made last time you needed to look at your finances and give it a refresh.


We help clients form the habit of regularly reviewing their finances and use our experience to help guide them to make optimal decisions based on what it reveals.


If you need help on your financial journey, please give us a call on 020 3488 9505.



The value of your investments can go down as well as up, so you could get back less

than you invested.

Tax and Estate planning is not regulated by the Financial Conduct Authority.


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