Episode 11 ⋅ 4th May 2021

How Much Financial Planning is Too Much Financial Planning?

We all have different levels of financial planning we like to do. Some like to get knee deeeep in the excel spreadsheets, and others avoid it like the plague. So which one are you?

Overview: 

There's two types of people in the world. Those who LOVE (and we mean LOVE) financial planning and excel spreadsheets for days, and those who avoid it as if their life depended on it. Can you relate? 

Society tells us that financial planning is hard work if you're doing it yourself and if you're seeking a professional it's expensive. Not to mention the line that advisers are untrustworthy and are simply going to sell you something. 

SO, is there a balance we can strike between having clarity over our finances by planning, and over-planning then scaring ourselves out of ever looking at a spreadsheet again? 

What's in the episode?

In this episode, Cat and Christine de-bunk the myths that financial planning is hard work. They chat about how they plan their finances in contrasting ways, what the role of a financial adviser is and how the worries we have with money are closely linked to feeling in control of our money. 

Specifically, we cover:

  • How having clarity over our finances can benefit us in many aspects of our lives 
  • Whether your money habits change the wealthier you become 
  • What financial planning actually IS and whether it's something you can effectively do alone 
  • The value of a good spreadsheet to crunch some numbers, and the downstairs of getting too involved
  • The difference between day to day money management and financial planning
  • Ideas to improve your financial planning skills 
  • What a financial planner actually does, how you can find one, when you should consider using a financial adviser and how much you can expect to pay them
 
…And there's lots more goodness in there, so get listening now. 
 

Great resources mentioned on the podcast are: 

  1. The It's No Secret Net Worth Spreadsheet
  2. Mary Holm's List of Financial Advisers 
  3. Cat's Fave Money Spreadsheet
  4. Have a partner? Book in a financial date night! 
Guests

Featuring on today's podcast are your hosts, Cat and Christine.

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