Journeys are made easier by having a plan—and financial journeys are no different. October is Financial Planning Month, and it's the perfect time to re-visit, or create, your financial plan.
"A financial plan provides a holistic view of your current financial situation, defines your financial goals, and outlines the best path for accomplishing your goals," said Kimberly Bridges, director of financial planning at BOK Financial®. "It's about taking a good look at where you are now, where you want to be and how you can get there while managing risk."
As in planning any good road trip, it helps to know where you're headed, where you're stopping along the way and what you have to look forward to.