Holistic financial planning: Living your best life now and into retirement

Holistic financial planning adopts a broad, big-picture approach; one that integrates budgeting, saving, investing and debt management, with personal values, goals and lifestyle.

If you had a choice, would you prefer to see the big picture or not? Let’s assume that you would. And that doing so would not require a visit to a high street optician for a new pair of spectacles.

Failure to see the big picture is a frequent factor in financial mistake-making. This tendency to see investments without considering the context of the overall portfolio is what Shlomo Benartzi and other behavioural economists refer to as ‘narrow framing’.