IN the light of recent financial stresses many have faced or have been threatened by, there is a need to revisit our financial plans and align them with our current realities. Our emergency funds may have been drained, new spending priorities could have emerged, and the timelines for achieving financial goals may need to be extended. Like with our initial financial plans, every member of the family must be onboard to ensure that no one inadvertently sabotages the efforts, moreso if additional sacrifices are going to be required of them.
A financial plan enumerates our financial goals, either tied to the financial aspects of life events e.g. weddings, education and retirement or…
Source: Nigerian Tribune
