![]() ![]() Visually mapping income, spending, savings, and debt payments.With the help of the PlanEasy platform, Jamie created her financial plan by… ![]() Jamie used the PlanEasy platform to create her own financial plan and then reviewed it with an advice-only financial planner during a separate 60-minute session. Self-Directed Plan plus four 60-Minute Sessions over 1-year. She’ll be able to buy a condo, travel on a regular basis, and even take some sabbaticals in the future. With a detailed financial plan Jamie can feel confident that she’s doing the right thing with her personal finances and that she’s on the right track to reach her future goals. Jamie reads the typical money advice for young adults on personal finance blogs but now wants to create a more detailed financial plan. She’s also interested in the idea of taking “gap years” every so often even if it means working until age 60. She’s not focused on retirement right now but still wants to make sure she can retire in her mid 50’s and do more extensive travel. Her employer doesn’t have a pension plan but does match her 2% contribution to a Group-RRSP. ![]() Jamie loves to travel and doesn’t want to compromise on travel spending, but she is willing to look at other categories to reduce spending, especially if it means paying off debt faster. Her goal is to buy a small condo worth $450,000 in the next 5-years or perhaps a larger townhouse with a partner. She can allocate an extra $400 per month to go towards her debt but wants to know which debt to pay off first. The debt is weighing Jamie down and she would like to make a plan to pay it off as soon as possible. She also has a bit of credit card debt from a recent vehicle repair. She has a personal line of credit at a fairly high interest rate. She has student loan debt that she would like to get rid of. She wants to know exactly what to do each year. She wants to feel good about her financial future. She wants a financial plan that is tailored to young professionals like her. Her goal is to be at an Account Director or maybe even VP in 10-15 years. She has a good career path and expects her income to grow an average of 7% per year until age 35-40. She recently got promoted and is now earning $73,000 per year. Jamie (age 25) just graduated 2-years ago. ![]()
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