Eric Arnold Planswell - Important Financial Terms You Need to Know.

Eric Arnold Planswell


Finance can be very tricky when you’re just a beginner in the journey. There are various topics and sub-topics within personal financial planning that need your understanding. And to make it a little easier for you, With the help of our professional, Eric Arnold Planswell, CEO of Planswell. You will learn about the basics that will help you understand financial planning better.


As much as you are responsible for your financial well-being, you are also responsible for managing it.


Below are some essential factors you need to keep in your mind while you’re all buckled up to enter the world of sound financial planning!


  • Budgeting: the deeper you dig into your research to find the most efficient step to sound money management, it ultimately comes to budgeting. It is the backbone of your process and thus directly impacts your goals, depending on how you did your budgeting. It is about where your income is getting invested in and how much you save monthly. Budgeting doesn’t go smoothly on the first go, but with time and a better understanding of it, one continuously learns the better way. 

  • Credit: Being a revolving type of debt, where you can spend and at the same time pay the debt too. Credit scores are very important as it defines both the positive and negative points of your financial situation. Your credit score can specify if you can borrow money or not and if you have handled your credit responsibly in the past. Poor credit scores will only lead you to never-ending financial problems.

  • Saving: When everybody realizes the importance of a good saving, many don’t do it. Saving can only be well managed by adequate budgeting. With good savings, you can make meaningful investments and save better for later days. One should always keep an emergency fund to be well prepared for what possible financial shock may come in the future.

  • Investments: It is essential to invest while you are saving up, too, although you need to weigh on the finest and trustworthy options to invest in. Once you start to invest, it can help you double the amount of your savings. You should not rush into an investment. Make the wisest choice while investing to avoid any mishappenings. 


If managing finance seems too much of work for now and difficult to understand, Planswell is here for you to help you make the best investment, get the best mortgages, and guide you to the best financial decisions. For further information, explore Eric Arnold Planswell today.
Location: Toronto, ON, Canada

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