financial health check

Prelusive Planning . Wealth Valuation

A financial health check in personal financial planning is a comprehensive evaluation of an your overall financial situation.

It is similar to a medical check-up but focuses on finances instead of physical health.

The goal of a financial health check is to assess the current financial status, identify areas of leakages, and develop strategies to improve financial well-being.

A financial health check is the foundation in financial planning and it involves gathering and analyzing financial statements using financial planning tools or software to create a clear picture of your financial situation.

Regular financial health checks, ideally conducted annually, help you stay on track, adjust plans as needed, and ensure ongoing financial stability and growth.