October is Financial Planning Month. Why does this matter to you?
Every year, October is designated Financial Planning Month, with a week that is often also designated Financial Planning week. It is your chance to sit down with a Certified Financial Planner (CFP®) professional to ask questions about your financial situation. These planners have completed training specific to offering free advice to members of the public. Many offer free consultations at community gathering places like libraries and community centers. It is your chance to ask those burning questions and get answers. Every year, theses knowledgeable planners donate time to help the public who do not have financial resources or their own planner. Check with the Financial Planning Association (FPA) about community events in your area.
If there is not an event that is local or accessible to you, you may have other resources. Often, your employer may offer different routes for you to increase your financial knowledge. They know that money and finances can have a big impact on your ability to have a balanced life.
If your employer does not offer financial coaching and courses through Financial Knowledge, you may have access to a financial planner through your Employee Assistance Program (EAP) or even your 401(k) administrator.
Check with your Human Resources department or with your employer HR website to see if any of these resources are available to you.
If you are not currently working or if your employer does not offer these resources and you want to learn more, search the web for specific topics and conduct some research on your own.
Where ever and however you gain knowledge on your specific situation or generally financial planning, October offers an additional way for you to start to become a more informed financial consumer.