It is a personal finance health check. It helps you to take stock of your personal finance abilities and put your aspirations in perspective. These assessments include current financial situation, satisfaction levels, risk-taking ability, wants and life-goals. The long-term benefit of such assessments are that your goals become more realistic and achievable.
Workshops help to educate participants in the basics of personal finance. As complex as the terms sound, understanding the basic concepts helps overcome these fears. It is the first step in the journey towards financial wellness and often encourages participants to initiate the process.
This is a personalised approach to financial planning. It empowers and encourages the individual to dive into the process of planning. It involves constant hand-holding in setting short-term and long-term financial goals, judiciously investing to achieve these goals, helping understand one’s risk-return expectation and reviewing your financial situation for any gaps at regular intervals.
This process involves the use of games and simulated situations where the participant learns the importance of financial wellness. Experts in personal finance believe that such games tap the subconscious and hence bring out genuine responses.