It is good to review the plan when there is a change in life, such as marriage, birth, death or divorce. Any change in the financial position is also necessary. Most people have an annual update that evaluates how the plan is implemented. The review also deals with changing objectives and circumstances.

It is important that personal finance plans are tax-efficient. Your personal finance plan will help you reduce the tax liability and increase returns after taxing your investments. Some personal financial consultants help their clients optimize their tax returns.

Assessing your needs for insurance services is part of your personal financial planning. Insurance takes care of your unpredictable needs, and as these needs can arise at any time, insurance is extremely important. Investments take care of your foreseeable needs and do their best to follow your unpredictable needs. Insurance has changed considerably over the last few years, and there are also many new products that are very flexible.

Some personal finance packages, magazines and self-help books can help you with your own financial planning. However, you may decide to seek the assistance of a personal financial consultant - expert if:      

• you need the expertise that you do not have in certain areas of your finances. For example, a personal financial consultant can help you to assess the level of risk in the investment portfolio and review the allocation of funds;    
• you do not have enough time to edit your own financial plan yourself;         
• you know that you need to improve your current financial position, but you do not know where to start;     
• you believe that a personal financial consultant - expert could improve your plan and strategy for the current management of your finances;  
• an immediate or unexpected life event occurs, such as inheritance or major illness;          
• you want to get an expert opinion on a financial plan that you have developed yourself.