What are the first questions you should ask yourself when planning your finances?

Answer these questions to establish in which area your Financial planning is lacking

• Do I have a will that is current?
• Will I have enough capital and income if I was unable to work?
• If I was faced with a sudden emergency, will I be able to raise cash on short notice?
• Am I a member of a medical scheme?
• Are my assets protected against fire,theft or loss?
• Have I created a savings plan to cover education or any other savings need?
• Am I considering consolidating or paying of  debt to bring down the cost of debt?

Once answered, rank the most important ones

If you need assistance in solving these questions, you can contact Magda on mbosman@oldmutualpfa.com