
If you were lucky enough to enjoy a break this April, we hope you did! The school and public holidays had us feeling like we were in holiday mode again. With these feel-good vibes still fresh in all our minds and December only seven months away, why not seize the opportunity to encourage your clients to plan for the year-end holiday season?
atWORK’s powerful Lump Sum Goal Calculator is a valuable tool to help your clients to save for a special occasion, like an annual family getaway.
B is for BUDGET
When it comes to saving money and having a plan, advisors know that sticking to a budget is one of the best ways for clients to take control of their finances and reach their financial goals.
While budgeting is not a one-size-fits-all solution, in discussions with a variety of advisory practices’ the following breakdown could be a starting point:
65% allocation to the cost of living, including housing, food, transportation, basic utilities, insurance and childcare.
20% allocation to savings/goals, including emergency fund and retirement fund.
15% allocation to wants, including travel and entertainment.
Once you’ve helped your client to decide on a budget, you can help them to plan for that special occasion – like saving for their December seaside holiday.
Our Lump Sum Goal Calculator at a glance
Our community of advisors helps their clients to plan and save for the short-term by using this powerful tool to give great advice (and you could too!).
Join our resident expert Wimpie Barnard as he shows us how to use this calculator in atWORK.