What is a financial bucket?

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What is a financial bucket?

Lifetime news

Posted on: 10/09/2020

What is meant by the term ‘financial bucket’?

Well, it is a visual concept financial planners like Lifetime use to help clients understand their money.

Your financial bucket has in it all of the money you could easily get your hands on. By understanding what’s in there, and how your money flows in and out, now and in the future, you can take control of your financial life.

Your bucket won’t just let you take control either. It will also help you to answer some of the biggest questions in your life. When can you retire? Can you afford to help your kids out with their first step on the housing ladder? Can you afford to spend more on doing the things you love?

All this is what Lifetime model for you, so that you can have a clear understanding of your financial picture.

We are also here to review your plan. As time passes and people’s lives and attitudes change then so the plan will need tweaking, to reflect any alterations. We suggest at least an annual update. Rest assured that we are always here to provide a helping hand.

Only by having a purpose-built, fluid plan in place will you be able to know and understand your current financial position, have the necessary signposts in place to chart your way, and take the necessary steps to attain your goal. In other words, a sound financial plan is a roadmap to your desired destination.

Let our financial guide flo tell you more about financial buckets in this rollercoaster ride of a video!


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