Financial planning is the process of managing your finances wisely, so that you could ahieve your goals and dreams in life, while at the same time helping you handle financial barriers that could arise inevitably.

Managing your finances is of course your responsibility, but you do not have to do it on your own. A certified financial planner, could help you make small, big, or crucial decisions. Here are some money management tips and how a financial planner can help you:

1. Set realistic personal and financial goals.

2. Asses your present financial health by studying your assets, income, liabilities, taxes, insurance, estate plan, and investments.  

3. Establish a feasible, comprehensive plan in meeting your financial goals by addressing your financial weaknesses and reinforcing yoyur financial strengths. 

4. Put your plan into action and then monitor your progress.

5. Make sure you stay on track in order to meet changing personal circumstances, changing goals, changing products, changing phases in your life, tax laws, and markets.

How will you know if your need the services of a financial planner?

• You do not have the time, desire, or expertise to actively manage and plan particular financial aspects of your life. 
• You need help getting started. 
• You'll benefit from an objective, unbiased perspective from a third party, regarding what are usually tough and emotional decisions. 
• In today’s busy world, you may benefit from having a financial planner looking over your shoulder double checking your financial planning efforts and ensuring that you stay focused and stay on track with your financial plans.

Situations or circumstances that may make you to contact a financial planner: Usually, a particular need or even will prompt the desire for the guidance of a professional financial planner. These might include the following:

Often a specific event or need will trigger the desire for professional financial planning guidance. These might include:

Preparing for a divorce or a marriage; 

Caring for a disabled child or aging parents;

Saving for retirement, or rolling over an IRA or a pension; 

Planning for an adoption or birth of a child;

Hanlding an inheritance of a big amount of money, or other unexpected fortune;

Funding college education; 

Experiencing a financial crunch such as natural disaster, layoff, or a serious illness; 

Selling, buying, or passing on a business; or  

Financially coping with the passing of a spouse or a close member of the family.

If you are looking for professional, highly experienced, and reliable financial counselors, visit CCLS wa by checking out the links given: www.cclswa.org.au/topics/financial-counselors.