A brief list on the importance of having a financial plan

We often hear that having a financial plan is important. But sometimes we’re not always sure why. Here’s a short explainer:

1. It gives you a sense of security because you’re able to provide for yourself (and any dependents if applicable).
2. It allows you to make short, medium and long-term goals (i.e. like buying a house, going back to school, saving for a rainy day).
3. It helps you stay on budget so that you can achieve 1 and 2, along with any other goals you may have.

If you’d like help with putting together your financial plan, make an appointment with the Health & Wealth Consultants (Freedom Experience consultants) at Canada Life. This service is free for CEIRP members.