Message from Lynn:
Dear Friends:
The financial well-being of Kansans is always on my mind. So I was pleased to learn that the Financial Planning Association has declared the week of October 1 to 7 as Financial Planning Week. What a great opportunity this is! As the old saying goes, "There's no time like the present!" Take this opportunity start yourself down the financial planning road or use it as a chance to review preparations you've already made.
FPA has compiled a list of 20 ways you can celebrate Financial Planning Week! Please visit http://www.fpanet.org to find more resources and information.
20 Ways to Celebrate Financial Planning Week
1. Balance your checkbook.
2. Make a monetary contribution to your favorite charity.
3. Start a savings account for a child, vacation or a gift for yourself.
4. Help teach your children how to save and spend wisely.
5. Get your estate in order: create or revise your will and other estate planning documents.
6. Call your financial planner and share your appreciation for their services.
7. Pay off a credit card.
8. Get a head start on college. Investigate college planning options.
9. Establish an emergency fund.
10. Evaluate your employee benefits and begin planning for open enrollment.
11. Develop your holiday spending budget.
12. Plan for year-end tax strategies.
13. Purchase a session with a financial planner for a relative, friend or colleague.
14. Give a relative, friend or colleague a subscription to a personal finance magazine.
15. Invite a financial planner to speak at your workplace.
16. Review your insurance coverage.
17. Write down your short-term and long-term financial goals. Keep these in a special place and revisit them periodically.
18. Start using personal finance software to help you see where your money goes and how it grows.
19. Choose three financial terms that have always baffled you and resolve to look them up and understand them.
20. Talk to a relative about their plans for long-term care.
I hope you find this month's edition of MoneyWise informative and are able to take advantage of the numerous resources that will be available during Financial Planning Week.
