What Are the Benefits of Financial Planning?

Financial planning meeting

Over 50% of Americans deal with financial anxiety. Even more people say they’re at least somewhat anxious about paying bills. Financial anxiety is nothing new, and it has been a constant struggle for humanity for centuries. As families attempt to alleviate their financial worries, many turn to financial planning services. Better financial organization and planning can play a significant role in reducing financial stress and anxiety. LongSchaefer explains the details as we look at some of the most significant benefits of financial planning. 

Better Capacity to Save 

Lack of organization represents the most significant impact of not utilizing financial planning. You hamper your ability to save money when your financial plan is in disarray or even nonexistent. Financial planning helps organize your finances so that you and your family aren’t struggling to make ends meet every week. A financial plan helps identify pitfalls and take advantage of ways to decrease expenses. 

Less Financial Anxiety

We all want to alleviate the stress and anxiety that comes from living paycheck to paycheck. Much of that anxiety comes from simple disorganization. When your finances aren’t organized, it can feel like they are out of control and you can become overwhelmed. Financial planning services help organize your finances and put you back in control. Less anxiety helps improve your quality of life and makes your family happier. 

The Ability to Look Forward

You might not see the impact of financial planning immediately. Single people or people with low expenses might be able to cover their bills even with poor spending habits. However, simply paying the bills without saving means you miss great opportunities. Saving money and preparing for the future now will make it possible to start a family or buy a home when you’re ready.

Contact LongSchaefer for Financial Planning Help

If you are looking for financial planning assistance, LongSchaefer would like to help. Our financial experts will look at your situation and provide practical tips for improving your finances. For more information on the services we offer, get in touch with us at (513) 245-0300, or contact us online today.

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May 2020 COVID-19 Update

In order to comply with the Ohio Health Department Order & CDC social distancing recommendations, our offices are closed until further notice. Rest assured that our established protocols and available technology will allow us to provide the same level of service and quality you expect from LongSchaefer during this time.

The SBA has announced details of how it’s helping small businesses through the Coronavirus outbreak. The IRS is sending payments to families affected by this crisis. 

Please click on our Coronavirus information pages for more information.