Financial Literacy Month: Take Charge of
Your Finances!

take a look at your personal finance goals

November is Financial Literacy Month and the ideal time to take a look at your personal finance goals and take charge of your finances so that you can meet those objectives. A key consideration is that everything is fluid in life, so you have to be prepared to roll with the inevitable punches if you want your financial future to be as comfortable as you would like. It is always better to be proactive than reactive when a financial setback occurs.

This is the perfect month to take stock of how the first 10 months of the year have gone, where you achieved your goals and where you fell short, examining why that might have been so, and making plans not just to finish the year favourably, but also get started on the path to a stellar 2020. While there will always be unexpected expenses that cause personal finance stress, the vast majority can be planned for.

Of course, taking charge of your finances isn’t just a necessary part of attaining your financial goals. It is also an important way to support your overall health and wellness. Worrying about money is stressful and can lead to health concerns that further derail your personal finance goals. It may not even be a shortage of funds that makes you worry. Just being unsure about the best plan to have, such as whether to pay down your mortgage, invest in a retirement plan, or save for your children’s education, can cause stress.

At BlueRock Wealth Management, our financial advisors can assist you with reviewing the year thus far and developing a solid plan for the future. For example, we can complete a retirement assessment to see what modifications might be needed to have the money you need at the age you wish to retire. We offer both personal financial planning and business financial planning that will help you achieve your financial goals. Be sure to check back, as we’ll be adding personal finance tips in future blogs to help you take charge of your finances!

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