So you have worked out your personal financial plan either on your own or with a financial adviser. However, your personal finances change with time and how do you know that you may need to review your financial plan?
1. You Avoid Looking At Your Statements
Do you have an awful feeling when you open your bank and credit card statements? Or do you just let the statements pile up in a corner of your house? This actually may not be due to laziness but rather a psychological effect of trying to avoid looking at the numbers because you are afraid of what the numbers will say.
It could be a sign that you know you are overspending and hence you are avoiding looking at the credit card statements. It could be that you are trying to ignore your brokerage statements because of some bad investments you made.
However, ......