Financial planning doesn’t have to feel overwhelming. Whether you're just starting your career, growing your family, or preparing for retirement, having a solid plan in place can help you feel confident about the future.
The good news? You don’t need to be wealthy or financially savvy to get started. You just need a roadmap—and the right partner to help guide the way.
At EJC Insurance & Financial, we help individuals and families across the country take the first step toward a more secure and intentional financial life. Here’s how to start financial planning in a way that actually works.
1. Define Your Goals
Before anything else, get clear on what you want your money to do for you. Start by answering:
- What do I want to achieve in the next 1, 5, and 10 years?
- When do I want to retire—and how do I want to live when I do?
- What am I saving for (a home, college fund, travel, peace of mind)?
Setting clear, specific goals gives your financial plan purpose. Your goals don’t have to be perfect, but they should reflect what matters most to you and your family.
2. Understand Where You Stand Today
It’s hard to make progress if you don’t know where you're starting. That means taking an honest look at:
- Your income and expenses
- Current savings and investments
- Existing debt (credit cards, student loans, mortgage)
- Insurance policies and protections
This snapshot helps you and your financial advisor build a strategy that’s realistic and tailored to your life—not someone else’s.
3. Create a Budget That Supports Your Goals
A budget doesn’t mean restriction—it means alignment. Your spending should support the life you’re building, not pull you away from it.
Try a simple breakdown:
- 50% for needs (housing, bills, groceries)
- 30% for wants (dining out, travel, hobbies)
- 20% for savings and debt repayment
At EJC, we help clients create budgets that fit their lifestyle and adjust as life changes.
4. Start Saving and Investing (Even Small Amounts Count)
The earlier you start, the more time your money has to grow. Begin by building:
- An emergency fund (3–6 months of expenses)
- Retirement savings through 401(k), IRA, or Roth IRA
- Investment accounts based on your risk tolerance and timeline
We work closely with our clients to build custom portfolios that match their goals—without unnecessary risk or complexity.
5. Protect What You’re Building
Financial planning isn’t just about growth—it’s also about protection. That includes:
- Life insurance to protect your family
- Health and disability insurance for income protection
- Liability coverage through home, auto, and umbrella insurance
Our advisors will help you assess what coverage you need so you can move forward with confidence, knowing you're protected from the unexpected.
How EJC Insurance & Financial Can Help
Starting a financial plan doesn’t mean going it alone. At EJC, we believe that financial success comes from education, partnership, and proactive guidance—not pressure or sales tactics.
Here’s what we offer:
- Clear, no-jargon financial guidance
- Goal-based planning for all life stages
- Integrated insurance and investment services
A fiduciary duty to act in your best interest
Whether you're just beginning or need help refining your plan, our team is here to help you build a life that’s simple, secure, and intentional.
FAQ’s
1. Do I need a financial planner to get started?
Not necessarily—but working with a fiduciary advisor like EJC can help you avoid mistakes and move forward with clarity and confidence.
2. How much money should I have before I start planning?
You don’t need a certain amount to start. Financial planning is about organizing your money and creating a path forward, no matter your income.
3. Is financial planning only about retirement?
No. It includes budgeting, saving, investing, insurance, debt management, and legacy planning.
4. How often should I update my financial plan?
It’s smart to review your plan annually or when major life events occur—like getting married, buying a home, or having kids.
5. Can EJC help with both insurance and financial planning?
Yes. We specialize in creating plans that integrate all areas of your financial life, from insurance to investments to long-term wealth strategies.
