Why Do I Need a Financial Fitness Checkup?

Date: January 31, 2023

Starting the year off on the right foot can help set you up for financial success! If you’re feeling financially taxed or have new financial goals you want to achieve this year, it’s a great time to schedule a Financial Fitness Checkup with Westoba.

A financial checkup is an opportunity for you to sit down – either virtually or in-person – and gain an understanding of your financial status. During the meeting, a Westoba Financial Consultant will focus on helping you identify your financial priorities – whether that includes paying down debt or saving for something specific. Once you’ve created those goals, they can work with you to design a tailored action plan to achieve these goals as fast and efficiently as possible.

A great jumping-off point is to start by taking our Financial Fitness Quiz to give you an idea of where your current financial wellness is at. At the end of our quiz, after you receive your financial fitness score, you can book an appointment so that we can formally follow up with you to help expand on your results and improve in areas you may need to work on.

Westoba Financial Fitness Quiz Screenshot

What should I expect from my appointment?

Just like with physical fitness, your financial fitness can grow stronger with the right planning and commitment, and team Westoba is here to help coach you in achieving your goals!

When you make your appointment, you can choose to have it over the phone, virtually over Microsoft Teams, or in person. Prior to your meeting, our team will provide you with a list of some important documents to bring to the Financial Fitness Checkup.

Once you sit down with your Financial Consultant, they will collaborate with you by asking a series of questions that focus on your current (and future) life stage and will conduct a comprehensive review of your finances including your net worth and cash flow.

After going over your finances and goals, they will work with you to develop a plan that includes direct action items you can implement to help reach your goals. These can often include things like adjusting your budget and finding expenses that can be cut down on, looking at debt solutions, and making sure your money is truly working for you.

There is no one size fits all solution to financial fitness, which is why sitting down with a Financial Consultant to come up with a tailored plan will benefit you and your financial goals!

How often should I have one done?

You should consider having a financial checkup done at least once a year or anytime you experience a big life event; like graduation, getting married, having a baby, starting a new job, or experiencing a job loss. Just as someone goes to the doctor to review their physical health, it is equally important to review your financial health.

We know lives can be busy and circumstances can change quickly, so Westoba can help provide you with peace of mind knowing that you have a financial plan in place that is going to work just as hard as you do!

What will I walk away with?

You will walk away with the peace of mind that no matter where you are financially today, you have a dedicated plan to reach your financial goals with strategic changes – such as a new budget or debt management plan – you can implement to steer your finances in the right direction!

In an ever-growing digital world, it is so important to have a good understanding of your financial health in order to keep up with the constant changes and options. Westoba is dedicated to our member’s financial well-being and will always be there to provide sound financial advice that has your goals and dreams at the forefront. Reach out to us today for your financial checkup!

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