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  1. WEALTH
  2. Personal Wealth
  3. Power of Financial Planning


A financial plan is like a blueprint for your money. It outlines your financial goals, the steps you need to take to achieve them, and ways to handle any bumps along the road. It covers things like budgeting, saving, investing, and even planning for taxes and retirement. Imagine it as a road map guiding you to financial stability and success.

The Benefits of Financial Planning

  • Helps to define the legacy you want to leave behind and how your finances can be a part of that.
  • While nearly half of Canadians (49%) report losing sleep because of financial worries, those who work with a financial professional are less likely to lose sleep over finances and less prone to money-related woes1.
  • Those who work with a financial professional are more optimistic about their financial futures (56%) than those who do not (48%)1.
  • Having a financial plan can help reduce stress, creating a sense of confidence and control in the face of uncertainty1.

Why is Financial Planning Important?

Statistics show the profound impact of not having a financial plan and the stress that it can have on your life:
  • Three years in a row, Canadians say money causes them the most stress in life, over health, work, and relationships1.
  • Stress related to money is on the rise: Canadians are more likely to cite money as a leading source of stress in 2024 (44%) than in 2023 (40%) and 2022 (38%)1.
  • Those who do not work with a financial professional are 33% more likely to be stressed about money than those who do1.

Steps to Create Your Financial Plan

  1. See a CERTIFIED FINANCIAL PLANNER professional (like the ones at Aviso Wealth and Synergy Credit Union) and let an expert help you.
  2. Set Financial Goals: Determine what you want to achieve—buying a home, saving for college, retiring early.
  3. Analyze Your Current Financial Situation: Assess your income, expenses, debts, and assets.
  4. Develop a Strategy: Create a step-by-step plan to achieve your goals, considering your current financial situation.
  5. Implement the Plan: Take action by following your strategy and making necessary adjustments.
  6. Monitor and Review: Regularly review your plan to ensure you stay on track and make adjustments as needed.

1FP Canada. (2024, April 24). 2024 Financial Stress Index Report.
Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.
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