Do you have a financial plan? If you are like most people you are just going along day to day without a clear picture of where you are financially or where you are headed. My family hasn’t really thought much about our overall financial picture. We pay the bills and save money if we have extra, but long term planning seems complicated, scary and boring all at the same time!
But of course having a plan leads to better outcomes. We have been dealing with college expenses for the last six years, and have 5 more years to go before all three of our children are through their undergraduate degrees. So we need to understand how much we have spent, how much we have left to spend and how we are going to help our children achieve a college education. So I was excited to try out the new SUM180 service, which has a goal of making financial planning simple, affordable and fun for every woman, at every stage of her life
Using SUM180 to create a financial plan is not difficult. You start out with an online interview, which walks you through questions about what your biggest financial concerns are, and gathers information like your income, expenses and bank accounts. The online interview itself is quick, although of course you have to gather all the financial information before you start. Since I am not as organized as I should be it took me an hour to find all the account statements and pay stubs I needed for the interview!
Once you have completed the interview SUM180 generates a personalized plan, uniquely tailored to your situation. Whether you are just starting out, saving for college or approaching retirement, SUM180 will meet you where you are. My plan was ready in about a week, and long and detailed. It included all kinds of information, both about what my family was doing right, and areas we need to improve. I liked that it included areas we were doing well in, so it wasn’t all about what we needed to change! The plan is designed to be user friendly, with everything written in plain, easy to understand English with detailed explanations. And if you need more help there are several types of support â€“ from online chat to unlimited email consultations. I had a question about how my U.S. Savings Bonds were classified, and I was able to talk with a representative and get my question cleared up.
The plan is designed to give you the three most important things to do next. So it is not an overwhelming and daunting list of things you should do, it just tells you the next three things you should concentrate on. If you, like me, have been â€œtuned outâ€ of your financial picture for a while it is nice to have things broken down into simple steps. The very first step recommended in my plan was something my husband and I had been talking about doing for a while, and seeing written down in black and white finally gave us the impetus to stop talking about it and actually start doing it! And since it is subscription based SUM180 adjusts with you. So if you complete some of the steps you can create a new Plan for free.
One of the things I appreciate most is that SUM180 serves, it doesn’t sell. It doesn’t accept money from anyone or any group based on its recommendations. You can trust that the advice you received is based on your best interests, not earning commissions on products or services. Right now SUM180 is offering a special promotion for a limited time. Use code SPRING50 and get 50% off the current product offer.
Now that my family and I have a financial plan in place I have realized it is not nearly as daunting as I thought it would be. It feels great to have a full understanding of what we have accomplished, and what we need to do next. The best part of the entire SUM180 experience is that now I feel like I am in control. My family’s finances no longer feel disorganized and mysterious, and I am know what we need to do so that we can help our children complete their college education.
This post has been sponsored by SUM180. I was provided with product at no charge to sample in exchange for my review. The options expressed in this post are my own. I am in no way affiliated with SUM180 and do not earn a commission or percent of sales.