Money wheel will reveal all
The financial planning team at Proposito have developed a money wheel for people to fill in, to discover just how well their ‘financial life’ is going.
Based on the traditional life wheel, which asks people to rate different areas of their life – such as work/life balance – this instead looks at aspects of money.
The wheel contains eight sections, with each representing one way of describing a financial life. It is designed to measure the level of satisfaction in each of these areas on the day it is completed. It is not a picture of how things have been in the past or what they should look like in the future. It’s simply a snapshot.
The wheel invites people to rate from one to ten how confident they are with different aspects, for example their relationship with money, their spending knowledge, and whether they have a clear plan for retirement.
Huw Jones, Managing Director of Proposito, based in Dollar Street in Cirencester, said: “We created the wheel to help people understand where they are in relation to money. This understanding is really important, because then it is easier to put a plan in place, such as for retirement planning.”
As well as offering financial planning, Huw is a money coach, and by completing the wheel his coaching clients can highlight areas that need improving.
Huw added: “Finding out where people are on the money wheel and then putting a plan in place is important for peace of mind, for understanding how to be efficient with money and for financial education.”
The money wheel is available for anyone to down via the Proposito website at https://proposito.co.uk/money-wheel/
Recently the team also launched an After I’ve Gone booklet, again free to download, for people to complete, so vital information is all stored in one place, making it easier for those left behind after someone dies.
To get in touch with Huw and the team email firstname.lastname@example.org or call the Cirencester office on 01285 708444.