Where Should My Next Dollar Go?

It's common to experience a sense of uncertainty or stress when it comes to managing your finances. The question of "Where should my next dollar go?" can become a source of confusion without the right guidance. This could lead to potential pitfalls like inefficient use of funds, overspending, or simply leaving too much of your hard-earned cash sitting idle in the bank.

We believe that financial clarity and confidence can be achieved when you are actively engaged in discussions about your financial order of operations. This refers to the specific, strategic pattern you use to allocate resources to meet your unique goals and preferences.

Our flowchart has been carefully designed to guide these important conversations between yourself and your financial advisor. By using this tool, all the key aspects of your financial circumstances can be considered, allowing you to gain a holistic view of your financial situation.

First, the flowchart takes a comprehensive view of your overall financial security. It helps you assess the sufficiency of your emergency funds, evaluate your financial solvency, and confirm your insurance coverage is adequate.

Moreover, we understand that you may be able to access what we often refer to as "free money" through your employment. Our flowchart ensures you are leveraging these employer benefits to their fullest.

The process's next step is identifying and prioritizing your financial goals. These could range from retirement, saving for the kid’s college, and particular objectives to broader financial planning ambitions. Whatever your plans, our flowchart can help you envision a clear path towards them.

Last, the flowchart also examines the specific accounts or strategies that could further help achieve your financial goals. Remember, this flowchart is not just a tool; it's a vehicle for you to engage in a more meaningful discussion about your financial journey, making you more involved and more confident about where you're headed. To everyone in their 20s to their 50s and beyond, it's never too late or too early to gain control of your financial future. Let's make it a collaborative and enlightening conversation!

Here's to securing your financial future, one dollar at a time. Check out the “Where Should My Next Dollar Go” flowchart.