Reply to Is it ok not to have a financial plan?

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Reply to "Is it ok not to have a financial plan?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You essentially have a plan.... you just haven't organized it in a way that seems like a true "financial plan."

Based on your information, not sure you need a line by line budget.  You seem to have a general sense of what you are spending, how to manage the cash flow, etc.  You say your house will be paid off next year, so it sounds like your cash flow will increase. You probably need to come up with a plan for what you want to do with that cash.

It wouldn't hurt for you to meet with a financial planner, go over your financial goals, come up with a soft plan for how to reach those goals, etc.

But it also sounds like you are fine right now.[/quote]

Op here and I’m a little leery of financial planners— I feel like it’s hard to know who’s actually a really good one. And most are probably not great, or, untrustworthy. Do they really provide a great benefit? [/quote]

If you want to avoid financial planners, I would recommend getting some books from the library on financial planning to educate yourself about your needs and options. As much as you don't trust financial planners, you should trust random strangers on the internet even less.[/quote]

LOL. True.... I guess I was thinking that anonymous strangers on the internet have nothing to gain, so if anything it would be unwise advice as opposed to self-serving advice[/quote]

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