Financial Planning Month: History, Facts & Insights

This is an in-depth look at all the must-know facts about Financial Planning Month (2024) 🗓️ that no one tells you about. Financial Planning Month is celebrated on October 1st.

Among the information you’ll find below: the history of Financial Planning Month, activities to do on and how to observe this holiday, as well as amusing facts you ought to know about Financial Planning Month.

📅 What day is Financial Planning Month 2024?

In 2024, Financial Planning Month is on Sunday, October 1st. It is the 1st Sunday in October; in 2024, it is Tuesday. There are until the next observance. You also can see all fascinating details and facts about October 1, 2023, that you might not be aware of.

Financial Planning Month is observed in October in the United States. It’s a time to focus on organizing your finances and budget, especially with the holiday season and the upcoming new year just around the corner. By taking advantage of this month, you can ensure that your money matters are in order before the chaos of life takes over.

📜 Financial Planning Month History

Thanks to Richard Averitt III, financial planning has made a comeback. He revolutionized the approach by focusing on understanding the customer’s needs and tailoring the planning accordingly. This approach gained popularity and financial planning resumed. Currently, there are more than 94,000 certified financial planners worldwide, with over 48,000 in the United States alone. Organizations like the Financial Planning Association have also been established to support CFPs, with around 22,000 members. Financial planning now encompasses various aspects such as investing, tax planning, and retirement planning, all aimed at organizing resources and creating budgets for a secure future. Taking advantage of Financial Planning Month is a great opportunity to track your spending and manage your finances effectively in the long term.

✅ Financial Planning Month Facts

🔖 The simpler, the better
Simple and concise financial plans are more effective and have a higher chance of success compared to lengthy and intricate ones.

🔖 It can add up
Each year, the typical American consumer spends approximately $63,000, which is quite a significant amount.

🔖 It benefits you today
Creating a financial plan offers advantages that can be enjoyed in both the present and the long term.

👍 Why Is Financial Planning Month Important

This month is a reminder to stop mindlessly consuming and invest some time and money in our future.

This month raises awareness among young individuals who are just starting to earn that it is never too late to manage your funds and that you do not need an extensive system to do so.

Whether or not individuals choose to participate, it serves as a reminder that our choices today shape our future and instills a feeling of responsibility.

🙂 How To Observe Financial Planning Month

⚡ Track your savings and spendings
To effectively manage your finances and address any necessary changes, it’s important to establish a system for tracking your savings and expenses. This can be done using various tools such as a mobile app, a spreadsheet like Excel, or even a traditional diary. By consistently monitoring your money flow, you can gain insights into spending patterns and make informed adjustments as needed.

⚡ Explore investment opportunities
During Financial Planning Month, take the opportunity to explore different investment options that are affordable for you. It is highly important to invest in your future.

⚡ Use a retirement calculator
It’s never too late to start something new, even when it comes to retirement planning. If you haven’t already begun saving for retirement, take action now by using an online calculator to get started.

📅 When is Financial Planning Month?

View all 🔗 October holidays, including 🔗 Special Interest and other 🔗 Financial holidays.

We will continue to update this page with new information and fun facts about Financial Planning Month. So be sure to check back soon.