Simplify Your Annual Review
Everything you need to KNOW
What is the purpose of an annual review?
10 Things To Review
- Paperwork
- filing, shredding, checking up to date
- Cashflow/Income
- Is income being paid correctly, tax codes correct, rents, interest, dividends
- Calendar
- What’s coming up in the next 12 months, next 2-5 years
- Budget
- Are you still in control of spending? Can you economise? Utilities, insurances – review
- Big costs coming up
- Savings Rate
- Are you still saving at a good rate? Fallen behind?
- Savings Split
- Between you as a couple, if appropriate
- Between accounts
- Portfolio
- Protection
- Level and type of cover – still right for your needs?
- To-Do-List
- In light of the above, what actions do you need to take?
- Priorities
- Setting the compass for the coming year(s) – what is it all for?
So, how can we simplify all that?
Everything you need to DO
- Divide and conquer
- Set aside the time
- Keep a very good filing system
- Keep it in its place