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Met with the Financial Planner

October 2nd, 2008 at 12:12 pm

Well I had the consult with the financial planner yesterday.

I decided to keep it because he will help make sure we stay on track, which would be a good investment in the long run.

For first steps he set up an action plan of:

1) Use 20% of discretionary income to building our emergency reserve, 80% to go towards paying down our car loan

2) Setup a Money Market account and contribute $52/week to it to build our emergency reserve

I know it sounds obvious but we can't do much more at the moment because of our cash flow. But I think its still worthwhile because he's assigned these as "homework" items - so it develops a sense of accountability for me.

He'll also be sending us an 82 pg "plan" for our long term goals - retirement, DH's truck, motorcycle, going back to Hawaii, buying a home there, and really all of this stuff I am unsure how to tackle ALL of them.

So I think its worth it BUT if I don't think this has added any value to the process, I can always cancel and they will refund me my enrollment fee. Yet, I have a feeling that this will be worth it.

We meet again next week.

2 Responses to “Met with the Financial Planner”

  1. merch Says:
    1222951484

    If it improves communication and gets you both on the same page, it will be worth it.

    Good luck.

  2. homebody Says:
    1222962021

    Well worth it!

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