Planning Process
1
Tackle Student Loans
2
Take Inventory & Goal Setting
3
Cash Flow & Budgeting
4
Risk Management & Credit
5
The Big Picture
1
Tackle Student Loans
We’ll start with the giant elephant in the room: Your student
loans. In this step, we will identify your optimal
repayment plan so you can feel confident about tackling your
student loan debt! After completing this step, you will know how
long it will take to pay them off (or get them forgiven), how much
the payment will be, and how to implement this plan step-by-step.
3
Cash Flow & Budgeting
In this Step, we will review your current spending habits and establish a budgeting system that works for you. We will also set your emergency savings goal, review your debt reduction plan for any other debt, and organize future savings goals.
4
Risk Management & Credit
In this step, we will review your employer benefits and how to
maximize them. We will also learn about risk management (insurance) to protect what you already have before you look to accumulate more. Lastly, this step will teach you more about your credit: how to build and maintain excellent credit over time.
5
The Big Picture
In this last step, you will learn about standard investing terms & concepts, differences in retirement accounts, and how much you should save for your short, intermediate, and long-term goals. We will pull together everything you've learned from Steps 1 - 5, and you'll leave this meeting with a clear picture of your exact next steps and the timetable it will take to accomplish your goals.
2
Taking Inventory & Goal Setting
Once we have a roadmap for our student loans, Step 2 will take
inventory of the rest of your financial situation. We’ll review your income,
assets, liabilities, and current spending behavior and discuss your money goals.
ONGOING
Progress Meetings
After the 5-Step Money Method, we will check back in for 1:1 progress meetings throughout the rest of the year for adjustments to the plan (if necessary), accountability to your goals and
ongoing support from me.
