Sigman Janssen Legal Blog

New Study Shows How Beneficial Financial Planning Can Be

July 26, 2012

July 26, 2012

The Consumer Federation of America released the results of their 2010 Household Financial Planning Survey earlier this week; some experts say the results show the need for Americans to make detailed and predetermined decisions about how to spend their money.

Participants in the study filled out surveys that covered questions on topics ranging from their financial status to their financial planning practices. The results were then compared to those collected from a similar survey in 1997.

The study’s results showed that fewer Americans are confident in their ability to achieve their financial goals than there were 15 years ago. As a result, more Americans may have to work past 65 years of age.

The study also found that families that practiced financial planning with less money stated that they lived comfortably more often than families with more money with no financial plan. Those that planned ahead were also less prone to financial worries, in better control of their finances, less likely to carry credit card debt, and more likely to be saving..

So what can you do to get started with a financial plan for your family?

The Appleton Personal Injury Lawyers with Sigman, Janssen, Stack, Sewall & Pitz say that the first and most important step is contacting an experienced and knowledgeable attorney to discuss your family’s Wisconsin Financial Planning goals. From there, a plan can be created and drawn up specifically for you.