03/08/2018

Strengthen Your Financial Planning Muscles

How these four approaches can help you become more savvy

A few months ago, I tried my first barre class. Before heading into the ballet-inspired fitness class, I thought that I was in pretty good shape, but the extreme soreness I experienced a few hours later proved otherwise. Clearly, some of my muscles had been neglected.

Financial planning is similar, according to Hilda Polanco, founder and CEO of FMA – Fiscal Management Associates, LLC. Developing strong financial-planning tools and processes (i.e., strengthening the financial planning muscle) is key to being successful in an ever-changing world.

“A budget … as soon as it is approved, needs to change, because the world is changing,” Polanco said in a podcast. “And it’s really hard to predict exactly what will happen, so budgets change, and the planning function is what organizes those ideas as things change…”

Please select this link to read the complete article from Associations Now.