A List of Financial Planning Dos and Don’ts

These suggestions, if followed, will have the effect of adding to your peace of mind about financial matters and simplifying your life.

·         At least once a year, write down your investment goals and what strategies you will use to reach them. This will keep you focused.

·         Instead of giving money to many different charities, pick a few that are important to you, and give these a larger amount. This type of directed giving not only makes more sense, but will make it easier to track your donations at tax time.

·         Inventory your household possessions, with a camera or camcorder if you desire. Keep the inventory at work or in a safe-deposit box. This inventory will help should you need to submit a homeowner’s insurance claim.

·         If you have doubts about entering into a transaction, don’t do it. You’ll probably save yourself money, time, and aggravation.