{"id":61,"date":"2016-06-14T11:20:38","date_gmt":"2016-06-14T10:20:38","guid":{"rendered":"http:\/\/localhost\/blog\/?p=61"},"modified":"2017-07-06T16:43:57","modified_gmt":"2017-07-06T15:43:57","slug":"retirement-sat-nav","status":"publish","type":"post","link":"https:\/\/evolvemyretirement.com\/blog\/retirement-sat-nav\/","title":{"rendered":"Staying On Track With Your Financial Plan"},"content":{"rendered":"

As I was taking a walk the other day, I got to thinking about a commonly used analogy when discussing financial planning. The idea is that a good financial plan is like a roadmap, which you need to follow towards your financial destination. Upon checking, I noticed that we had also used the word “roadmap” on the front page of our own calculator<\/a>.<\/p>\n

Thinking about it further, I realised that a roadmap is not really the best analogy. At least not for the most useful financial planning tools, in which category I count our own. In the driving context, a roadmap is typically static. When the road layout changes, you need to wait for a new published version of the map. This can be confusing when you’re already en route<\/em> to your destination! Also, a roadmap shows you the available roads, but it doesn’t set you on the right course. You still have to decide on what route to take.<\/p>\n

Similarly, you can use a financial plan ‘roadmap’ as the basis for making financial decisions. There are quite a few online tools for this. Whichever tool you use, you need to update it to reflect changes such as:<\/p>\n