ISLAMORADA, Fla. -
Aug. 5, 2021 -
PRLog -- Per Jan Keller, Top Producing Real Estate Agent for Coldwell Banker Schmitt Real Estate, and owner of Kellerporterteam.com "Everything about Real Estate in Islamorada and the Upper FL Keys".
The importance of doing a personal financial assessment is far more than pinpointing exactly where you stand right now, but also, are likely to go in the future. Not only that, but it also gives you critical insight into your own habits, which allows you to make better decisions when it comes to large purchases, and even everyday costs. Here are four compelling reasons to performing a personal financial assessment:
- A personal financial assessment gives you important information about where you stand right now. When people look at their overall budget, they usually don't see too much cause for alarm. But, the devil is in the details. Dig into those figures and see exactly how much you spend just on food alone, including groceries and restaurants, and it's probably about double what you believe. This is only one example of people's personal misconceptions about their own finances. They tend to overestimate their income and underestimate their living expenses.
- A personal financial assessment allows you to better plan for the near future. Once you see the numbers laid out in detail, you'll probably feel surprised and most likely a bit bewildered and confused. This is due to the fact that too many people do not keep detailed tracks of their spending and this is where it's hard to plan for the future, even just a month or two out. By undergoing this exercise, you'll be able to see what's most important and what's least important over the course of the next week and even a month or two.
- A personal financial assessment offers a road map to your ultimate retirement. Obviously, when people think of doing this, they think about planning for their future many years from now. While that's certainly an aspect of the exercise, it also gives you the ability to set specific goals to meet incrementally along your way to retirement.
- A personal financial assessment lets you take control of your life in more ways than one. Lastly, by doing this, you're giving yourself more control over your money than ever before. Suddenly, you'll have a clear picture of exactly where you stand and can make necessary adjustments, which gives you a real sense of empowerment.
For more information about Islamorada Luxury Homes for sale in the Upper Florida Keys, please contact Jan at
http://www.islamoradajan.com