Unexpected expenses are an inevitable part of life. If you haven’t had a call like this, you will: “My car was totaled. It’s OK. Everyone’s fine. But we didn’t expect to have to buy a new car right now.”
Unexpected expenses can range from a short-term inconvenience to a longer-term financial planning and management concern. Be sure to have the “What Issues Should I Consider When Funding An Unexpected Expense?” checklist ready when your client needs guidance.
A Proactive Approach For The Unforeseen
There’s no way to plan for every single contingency that life may throw your client’s way. That said, you can be ready when unforeseen circumstances arise and spark an unexpected expense for your client. With your support and this checklist, your client will understand how to remain flexible and act quickly without veering off course.
Your client who’s stressed over what to do next will appreciate it when you can address the following issues, particularly as they relate to the client’s specific situation:
- Payment strategies
- Funding sources
- Tax consequences
- Impact on the overall financial plan
Imagine how comforted and empowered your client will be when you facilitate this conversation from a place of calm and confidence. Without a doubt, you’ll deepen your relationship as you help your client stay on track regardless of the disruption and uncertainty an unexpected expense can introduce.
What’s Holding You Back?
This checklist is available to fpPathfinder members. If you’re not a member yet, what’s holding you back? We invite you to join our support team for a live demonstration to learn more and ask any question that’s on your mind. Perhaps you want to cut to the chase and unlock the power of checklists and flowcharts now. Visit the Become A Member page, review the membership levels, and pick the one that moves you closer to your goals.