Looking For a Financial Planning Professional?
Home Tell a Friend! Contact ICFE Link Exchange Search ICFE Subscribe ICFE About the ICFE
ICFE News Releases ICFE in the News Children and Money Financial Education Personal Financial Counseling with Paul S. Richard, RFC Credit Card Tips Credit File Correction Mending Spending Links and Resources Order Options

"Looking for a Financial Planning Professional?"
Five Steps to Take to Get Ready to Work with One

San Diego, CA. The growth in the financial planning industry has been explosive over the past ten years. The number of courses leading to a degree in Financial Services or "Chartered Financial Consultant" (ChFC), "Certified Financial Planner" (CFP), or a Registered Financial Consultant (RFC) designations, offered by colleges and universities nationwide has tripled. Still, relatively few Americans are utilizing the services of a financial planner and only a handful who do are fully implementing a financial plan specifically prepared for them.

"New investors must be created out of former spenders and overspenders," insists Paul S. Richard, a registered financial consultant (RFC) and Executive Director of the nonprofit Institute of Consumer Financial Education (ICFE) based in San Diego, CA. "This is a real challenge for consumers because, it is their everyday spending decisions, and especially their credit based spending decisions, that will cause severe erosion of their financial future, more so than any investment decision they will likely ever make," he said, adding; "People who pay too much for things are also overspending."

More consumers are becoming aware of the importance of doing some financial planning, however they are not necessarily prepared to work with a financial/insurance planning professional because they think should or they may be making over $40,000 per year. There are five basic steps the ICFE suggests for consumers to complete before their first appointment with a financial and/or insurance planning professional.

1) Know your starting point by calculating your net worth and cash flow.
2) If spending more than your income, either increase income or mend your spending.
3) Establish a written spending-plan for your income and outgo, based on income frequency.
4) Predetermine how much you will set aside every pay period for saving and investing.
5) Know the reasons why you want to begin financial planning: retirement, college, etc.

For information about mending spending, increasing spending value, increasing savings, the wise use of credit and how to set up and implement a spending-plan for your personal and/or family finances, visit the ICFE's Web page at: http://www.financial-education-icfe.org.

To receive the same information by mail, please send $1 and a self-addressed, 60 cent stamped envelope to:

ICFE Money Helps
PO Box 34070
San Diego, CA 92163-4070.

Financial Planning Organizations Contacts:

http://www.iarfc.org
http://www.financialpro.org
http://www.fpanet.org
http://www.napfa.org

About the ICFE:

The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation).  The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. 
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org).  CASDRAP disbanded in 2010, shortly after the web site project was completed.  In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.

The ICFE is also an on-line help for consumers who spend too much.  ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.

Visit the ICFE's other web sites at: www.financial-education-icfe.org and studentdebthelp.org.  Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G,  a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.

About the ICFE:

The Institute of Consumer Financial Education (ICFE), founded in 1982 by the late Loren Dunton (creator of the 'certified financial planner' (CFP) designation) and it is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. The ICFE trains and certifies Personal Finance Instructors for its own curriculum. It also trains and certifies Credit Report Reviewers and Identity Theft Prevention Specialists.

The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, now in its 16th printing and has distributed over one million 'Credit/Debit Card Warning Labels' and 'Credit/Debit Card Sleeves' world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.

The ICFE is also a partner in the national Jump$tart Coalition for Financial Literacy and the California Jump$tart chapter. The ICFE staff is also active with San Diego Saves, an offshoot of America Saves, and the California Student Debt Resource Awareness Project (CASDRAP) (studentdebthelp.org).

The ICFE's on-line help for consumers who spend too much was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from 'The Money Instruction Book,' a course in personal finance, positioned to become among the premier programs in the new bankruptcy and debtor education initiatives.

The ICFE Web site at: www.financial-education-icfe.org helps consumers with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and videos and how to teach children about money. Other ICFE services include a free eNews, and an online resource center of financial education learning tools, including videos, books, software and personal finance courses.


Home ] ICFE News Releases ] ICFE in the News ] Children and Money ] Financial Education ] Resource Center ] Credit Card Tips ][ Credit File Correction ] Mending Spending ] Links and Resources ]  [ Online Store ]

 

Copyright ©  1997 - by Paul S. Richard
and the Institute of Consumer Financial Education, All Rights Reserved.
View our
Privacy Policy Our Terms and Conditions

Institute of Consumer Financial Education
PO Box 34070
San Diego, Ca 92163
Paul S. Richard, Executive Director
Phone 619-239-1401

FAX 619-923-3284

Questions for www.financial-education-icfe.org Click to go to Website Contact Us or 
Website Design Donated by Desgn School Programs