The Financial Planning Association of Australia took part in an initiative alongside other overseas financial planning associations as part of World Financial Planning Day.
On 2 October, the FPA put out a message encouraging Australians to plan their finances in order to travel both domestically and abroad without financial regret.
The initiative is part of World Financial Planning Day, organised by the Financial Planning Standards Board (FPSB) of which the FPA is a member.
“FPSB launched World Financial Planning Day in 2017 in partnership with IOSCO (International Organization of Securities Commissions) to help the public put investment decisions in the context of other financial and life goals,” said FPSB chief executive Noel Maye.
“FPSB and the global community of CFP professionals are pleased to join IOSCO and securities regulators around the world for the third year in empowering more consumers to take control of their finances and their futures.”
FPA chief executive Dante De Gori said he wants Australians to understand that if they don’t have a good grasp of their financial situation before they depart for your travels, their finances are more likely to unravel while they’re on the road.
“Too often, we hear of well-meaning Australians who have embarked on a holiday before they were financially prepared. They got caught up in the years of dreaming and organising, and came home saddled in debt,” Mr De Gori said.
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