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Insurance Matrix

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Personal financial planning work sheet

5. Building wealth - To me building wealth means saving money so that I can have it when I hit a certain age and I’m not going to work no more than ill still have some money to live on other than social security benefits.
Some people have retirement taking out of each pay period and you can even borrow if needed once you have a certain percentage saved I think everyone should save but not everyone has money left over after bills.

Value and attitudes-
Sometimes I set goals for things that me and the kids want to do special then I hate when I have saved enough money for out special trip then a something unexpected happens and I have to use the money for that then my kids are un happy because we have been planning this trip for a long time so now I only set goals that are a bit more planned I save money for emergency purpose and I have a another saving for things for my children and I have help with my financial planning now and it makes everything less stressful.

Securing basic needs

I’m a person who loves to spend money everything that I like for me and my kids or for the house ill buy and that’s all bad because while I’m shopping I’m not even considering the bills that I need to pay and that is a big risk because I don’t want my kids come home from school and there is no lights and water because I took the money and went shopping with it that’s too big of a risk and I don’t want to put my family through that.
So now I pay all my bills and rent first then I get things that we really have to have or need.

My attitude toward risk is I’m going to do my best not to put myself in any situation where I’m going to be at risk like if I know that I’m not financially able I’m not going to go out and by a new car knowing I can’t afford the payments that would just be crazy.

It is going to work to my advantage because I’m going to be a more responsible person when it comes to my finances .

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