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Do you have a financial plan?

If not, you're not alone.

But without a plan, it can be difficult to achieve your financial goals.

October 2023

October is here with cool air, beautiful fall foliage, and brown everywhere!

It is also Financial Planning Awareness Month and Wealth Management Financial Advisors takes a leadership role in our community to raise awareness of financial literacy.

These are some important facts to consider during October. By taking the time to plan ahead, you can save yourself time and money in the long run.

Financial Planning Month is a nationwide observance in the United States that takes place every October. It is a time to focus on your financial goals and create a plan to achieve them. Financial planning is the process of assessing your current financial situation, identifying your financial goals, and developing a plan to achieve those goals.


There are many different aspects of financial planning, including budgeting, saving, investing, insurance, retirement planning, and estate planning.

  • Budgeting is the process of creating a plan for how you will spend your money. A budget can help you to track your income and expenses, make sure that you are not spending more money than you earn, and save money for your financial goals.

  • Saving is the process of putting money aside for future use. Savings can be used to pay for unexpected expenses, reach financial goals, or invest in the future.

  • Investing is the process of using your money to buy assets, such as stocks, bonds, or real estate, in the hope of generating a return. Investing can be a good way to grow your wealth over time, but it is important to understand the risks involved before you invest.

  • Insurance is a way to protect yourself from financial losses caused by unexpected events, such as illness, injury, or property damage. There are many different types of insurance available, including health insurance, life insurance, and homeowners insurance.

  • Retirement planning is the process of saving money for your retirement so that you can maintain your lifestyle after you stop working. Retirement planning can be complex, but it is important to start planning early so that you have enough time to save money.

  • Estate planning is the process of planning for the distribution of your assets after you die. Estate planning can involve creating a will, trust, and other legal documents to ensure that your assets are distributed according to your wishes.


  • FAFSA opens on October 1: If you have children heading to college next year, the Free Application for Federal Student Aid (FAFSA) window opens on October 1. It's best to complete the FAFSA as early as possible because states and colleges use it to award their own grants, scholarships and loans, and that aid is limited.

  • Tax return deadline: File your income tax return by October 16 if you requested a six-month extension back in April.

  • Set up and fund a retirement account: If you want to establish and fund an individual 401(k) or SEP IRA for 2023, the account must be opened by your tax filing deadline plus any extensions, which is typically October 16 2023 for most small businesses.

  • Run a tax projection: Run a projection of your current-year income tax liability to get a head start on your year-end tax planning.

  • Review your health insurance coverage: As open enrollment season rolls around at work, take the time to review your health insurance coverage and other employer benefits.


Get professional help. If you need help developing a financial plan or choosing investments, consider working with me, a financial advisor.


I'm a financial advisor who specializes in helping individuals and small business owners achieve their financial goals. I have over 20 years of experience in the tax and financial industry. I've helped thousands of individuals and small business owners save money, grow their businesses, and achieve financial security.

Financial Plans Aren't Just For The 1%

According to the most recent Household Financial Planning Survey was conducted in 2022. The results of the 2022 survey shown that only 27% of financial decision makers in families have created a comprehensive financial plan. This is a decrease from 31% in 2014.

There are a few possible explanations for this decrease. One possibility is that people are more focused on short-term financial goals, such as paying off debt or saving for a down payment on a home. Another possibility is that people are more skeptical of financial advisors and are hesitant to pay for their services.

Whatever the reason, it's important to remember that having a financial plan is still important, even if you don't have a lot of money. A financial plan can help you track your progress, make sure that you're on track to reach your goals, and reduce your risk. If you're not sure whether a financial plan is right for you, schedule a free consultation appointment today. We will assess your needs and determine whether a financial plan is right for you.

a woman fitness model

Financial Fitness

Just like any goal, getting finances stable and becoming financially fit requires the development of good financial habits.

The qualities necessary for financial fitness are:

  • Motivation

  • Self-Discipline

  • The Ability to Say  "NO"

  • The Ability to Prioritize

  • Allocation of Time & Energy


Now, more than ever, planning is the essential first step towards financial fitness. A good financial plan along with sound financial advice can help to make your financial future more manageable. When left to chance, your financial situation can drift from your goals. Your financial adviser can help you define your goals and stay on track.

Our Story

Wealth  Management Financial Advisors Inc.  is one of the few companies of its kind in the industry today - a company dedicated to the needs of individuals and families who are typically overlooked by the financial service industry.


WMFA recognizes the need for widespread financial education, particularly among middle income individuals and families who could readily benefit from exposure to the latest financial concepts and solutions.


Unlike many companies that target only wealthy clients, WMFA is dedicated to teaching everyday people how to plan their financial futures and work toward their goals no matter what their income.

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