Broker Check
Masthead Image

The Allocation Plan Program

At C.M. Carrillo Financial Advising, we routinely work with clients that are in all stages of life. Over time, we have helped many of our clients develop a clear understanding of their household cash flow. We do this by helping individuals and couples formulate a household budget. Having a household budget is relevant for those that are just starting out as well as those that are a bit more well-established.

It is common for recent college graduates, newly engaged couples, and newly married couples to inquire about household budgeting. It is also common for those that are between jobs, those that are preparing for retirement, and parents that are currently navigating the College Planning Process to make such inquires. At the end of the day, household budgeting is really a relevant topic for everyone.

Ideally, the process of formulating a household budget should be completed either before you and your advisor begin the Risk Management level of planning, or it should be completed during the Risk Management level of planning. To review, let’s briefly take a look at all of the components that comprise the overall financial planning process. This involves going back to the basics, which can be illustrated by The Financial Planning Pyramid.


Some Financial Advisors routinely include the budgetary process as a part of their Life Insurance Needs Analysis, which is actually very responsible. This is because one's household budget is an exceedingly relevant component of the Needs Analysis that is necessary in order to ascertain the appropriate level of life insurance coverage for an individual.

That being said, the The Budgetary Process can certainly be revisited at any stage
of planning;
however, it is always a good idea to address it sooner rather than later.


At C.M. Carrillo Financial Advising, we like to refer to one’s budget as their Allocation Plan and our Allocation Plan Program involves us walking individuals through each category of their household’s Allocation Plan. We are more than happy to take the time to do this because we understand that merely handing someone a spreadsheet and asking them to work through it by themselves often results in no action being taken. This is simply because the spreadsheet by itself can for some be a bit overwhelming or perhaps even a bit intimidating.

That is why we prefer to take the spreadsheet and transform it into a meaningful conversation.


One of the reasons these conversations are so meaningful is because we are able to help clients understand "the why" when it comes to various line items on their Allocation Plan. It should also be noted that conversations about money can often times evoke certain emotions; consequently, we work to help clients navigate the budgetary process while keeping their vision for their future as well as their desired lifestyle in mind.

The ultimate goal of The Allocation Plan Program is to help clients and prospective new clients understand their monthly cash flow in an effort to "find the money" necessary for them to begin implementing the various components of the overall financial planning process that are determined to be appropriate for them given their specific financial goals and objectives.


Budgeting Insights

Budget Check Up: Tax Time Is the Right Time

Managing Money as a Couple

The Half Million Dollar Baby

Budgeting After a Divorce

Weighing the Benefits of Prepaid Debit Cards

A Penny Saved is Two Pennies Earned

The Average American Budget

Pay Yourself First

Your Emergency Fund: How Much Is Enough?

Strategies For Managing Student Loan Debt

Buying vs. Leasing a Car

What to Look for in Personal Finance Apps


The Allocation Plan Program
3 Step Process

Each step of the process is accomplished through conversation with the Financial Advisor.

Step 1: Get the numbers down on The Spreadsheet

Step 2: Analyze the numbers in an effort to understand "The Why"

Step 3: "Find The Money" and Reallocate


A Powerful Tool For Finding The Money

Susan Morice

Save Money On Your Bills With Bill Genius!

 

* We do not charge any fee for clients or prospective new clients that would like to take advantage of The Allocation Plan Program.

If you or someone you know would like to start a conversation about formulating a household Allocation Plan, Call Today! It is an excellent way to begin the overall financial planning process.

We are always here to help in any way that we can.

Sincerely,

Christopher M. Carrillo
Financial Advisor
(314)-724-0116

Helping You Transform Your Vision Into Your Reality



ibüümerang, iGo, and Bill Genius are separate and unrelated to C.M. Carrillo Financial Advising.

ibüümerang, iGo, and Bill Genius are separate and unrelated to Prosperity Wealth Management, Inc.

Prosperity Wealth Management, Inc. and C.M. Carrillo Financial Advising do not receive any compensation when individuals utilize Bill Genius.

PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. We make no representation as to the completeness or accuracy of information provided at these web sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this web site. When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.