Why you need financial planning advice

Financial planning advice helps create your financial goals and formulate a plan to achieve those goals.

For expert financial planning advice in the Wirral area, talk to Endeavour Financial Planning.

Wirral financial planning

The Wirral economy would not be as successful as it is without financial planning. Individual businesses have financial plans and benefit from the support of the council. An example of how our local council helps is the Business Improvement District in Birkenhead town centre where the council is investing £2 million to improves cleanliness, safety and promoting events. This is designed to attract more people to Birkenhead town centre, and should boost the local economy through visitors spending money in local businesses.

Personal financial planning

The principles of personal financial planning are similar to financial planning for a business. Income, expenses, investments and cash flow are important considerations for both businesses and individuals. A financial planning advisor will discuss and create plans for all these areas and more.


Knowing how much money regularly arrives through your salary and investments is the first step to financial planning.

Cash flow

Everyone should monitor how much their expenses are including household bills and the money spent on other necessary items. Cash flow is the amount left over at the end of the month; this is an amount you can choose to spend on whatever you like. Tax planning will make sure you keep the right amount of your income and budgeting will make sure that you do not spend too much and therefore have a negative cashflow.

Family security

Protecting your family from possible financial problems is vital for most people. Insurance and estate planning means if a disaster were to occur, then the financial impact will be minimal. It is important to find the right insurance policies to maintain your standard of living if unforeseen circumstances such as illness or an accident prevent you working.


A financial plan looks at your assets including property – and your company if you are a business owner. Assets tend to come with liabilities. For example, property needs to be maintained and money needs to be available for this. Your assets can rise or fall in value.

Investment and savings

Wise investments and savings will cause your wealth to grow. Some investments involve an element of risk, so you need to consider the level of risk you are prepared to undertake.

Ongoing advice

You could make all of your financial decisions yourself, but unless you are a financial expert you cannot be sure that your choices are the best for protecting and growing your wealth. This is why it is important to use professional financial advice.

Your relationship with a financial advisor should be a long one. Circumstances change, your income could go up, your family could expand, or your children may be about to enter university. A financial plan is not fixed. Major life changes will require you to review your financial plans and make necessary adjustments.

At Endeavour Planning we provide Wirral residents with expert financial planning advice. Your first step in creating your personal financial plan is to book a free, no obligation discussion where we can get to know each other and discover if we can work together to secure your financial future.
Tax and Estate Planning advice are not regulated by the Financial Conduct Authority.

Posted by Alan
14th June 2017


All blogs and news on Endeavour Financial Planning are for information purposes only and are not intended to provide advice. Please seek the advice of a financial advisor before making any financial decisions.

Financial Advice

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment