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Day 14 - Three French hens…or the wholly... trinity of financial planning

Updated: Dec 17, 2023

What are you saying YES to?


The countdown continues! 


The Twelve Days of Christmas has been a festive tradition for centuries. You may know the song, but do you grasp its true significance?


On the third day... it's a reminder that the holiday season is more than just material gifts.  

It's a call to foster a comprehensive and balanced approach to managing finances. 


As festivities approach, it's easy to get caught up in the whirlwind of preparations.

Wreath-making, gifts, food, venues, cards – we're ticking off the checklist. 


But amidst the merrymaking, don't forget to prioritize your financial wellbeing.


All year round.


Just like the Three French Hens… creating a well-balanced financial plan requires a focus on three key areas: short-term, medium-term, and long-term goals. The holy trinity that’ll help you manage your tradeoffs and guide your smart choices. 


Short-term goals (protection)

These are the immediate needs or risks that require financial attention, such as emergency expenses, debt, home maintenance, or unexpected bills.

Having a cushion for these unexpected events can bring peace of mind and prevent financial strain.


Medium-term goals (growth or achievement)

These are the goals that help you achieve higher standard of living or personal growth. Such as saving for a deposit on a house, planning a dream holiday, or covering education expenses.

Having a plan in place can help you stay on track and achieve your growth objectives.


Long-term goals (fulfilment)

Enhance your quality of life with long-term goals, such as financial freedom in retirement, starting a business, or leaving a lasting legacy.

Having a vision for your future can motivate you to make sound financial decisions today.


So - what are you saying YES to today?

Might that open up or rather limit your options tomorrow, soon, or later?


As you navigate the festive season, don't forget to embrace the holy trinity of financial goals. 

Remember, financial well-being is about having a balanced approach that supports your present and future needs. And the peace of mind to pursue your passions and live well.

Today and every day.

 

If you're interested in bringing financial education and guidance to your home, organization or community, Let's chat!

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