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Success as a Financial Advisor For Dummies
book

Success as a Financial Advisor For Dummies

by Ivan M. Illan
December 2018
Beginner content levelBeginner
384 pages
9h 53m
English
For Dummies
Content preview from Success as a Financial Advisor For Dummies

Chapter 7

Getting Budgeting under Your Belt

IN THIS CHAPTER

Bullet Setting your clients on the right financial path

Bullet Harnessing the power of budgeting apps and other tech tools

Bullet Setting spending limits in key areas

Bullet Curbing spending with auto pay and payroll deductions

Before you can help your clients build wealth, you (and they) need to figure out how much monthly income is flowing in, how much money is flowing out, and where it’s going. This is what budgeting is all about. By taking control of the household budget, your clients can begin to free up some of their income to invest in building wealth.

In this chapter, you discover how to help clients take control of their household budget. Here, I highlight the eight key spending categories to focus on and how to set spending limits for each category. I also introduce some handy budgeting apps and other tech tools and reveal the savings power of auto pay and payroll deductions.

Tip For a variety of personal household budget templates, simply Google ...

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Publisher Resources

ISBN: 9781119504108Purchase book