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Psychology of Financial Planning BUCKET tools and resources EY Navigate Planner Line (EPL) 1.877.927.1047 Call Monday Friday; 9 AM 8 PM ET Unbiased confidential financial guidance at no cost to you
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Psychology of financial planning refers to the study of how individuals' emotions, beliefs, and behaviors influence their financial decision-making.
Financial planners, advisors, and individuals seeking to create a financial plan are required to consider and incorporate principles of psychology into their planning process.
To fill out psychology of financial planning, individuals can use tools such as questionnaires, assessments, and reflective exercises to understand their financial beliefs, attitudes, and goals.
The purpose of psychology of financial planning is to help individuals make more informed and effective financial decisions by addressing their psychological biases, motivations, and barriers.
Information such as financial goals, risk tolerance, cognitive biases, and emotional triggers must be reported on psychology of financial planning.
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