Case studies describe an actual client’s personal situation. This could include demographic data list all the individuals involved (typically a company or family) their ages, mental and physical health status, and any other related issues or conflicts… The “case” part of this process can be as complicated as you want it to be and the “study” part of it can be as simple as typing the financial information into a spreadsheet program. If you are a beginner in the world of financial planning, I suggest that you start with a CFP exam course.
It is not unusual for a client to hire a consultant to write the case study for them. But if you are like most newbie financial planners, you may want to start out small and work up to a more complex one on your own. There are several websites out there that provide step-by-step tutorials that show step by step how to do this for yourself. The good news is that if you don’t want to spend the time, money or learn the skills needed, there are dozens of case study sample portfolios already created by experienced financial planners.
There are many reasons for wanting to have financial information in a case study format, but one of the biggest is because it allows you to have your questions answered right away. If you’re looking for information on a certain tax deduction but can’t find any information, you will immediately know what is wrong with your situation because you know what you should have done. This way, if you come across a mistake later, you’ll know what to do to make it right.
One of the best reasons for using a case study format is because it makes it so easy to do comparisons. Instead of having to dig through a stack of financial documents looking for information that might be useful, you just type the numbers in the spreadsheet and compare and contrast.
However, you’ll need to know what you are looking for. There are a lot of variables to consider when looking at a case study. You’ll need to decide whether you’re going to analyze your income vs. expenses, your expenses vs. investment return, or any other factors that might be useful.
If you need help in the future with this, I would suggest that you check out some of my other articles. They provide the basic knowledge that you need to get started.
Please consider all this and think on it. I’m not trying to sell you anything by giving you free financial advice. If you feel you need to ask any questions, I recommend you consult a financial advisor before deciding to do a case study or any other financial practice.
If you’re doing financial statements, the most important things to look for are the income statement, balance sheet, and cash flow analysis. These are usually the easiest to do on your own, but if you need more information on them, then I would recommend you check out an article like this one that I wrote.
If you want more financial planner tips and case study examples, I’d suggest you check out one of my other articles. They’re free and filled with lots of useful information.
I’d also recommend looking into investing in the stock market. This can help you learn more about financial planning and also help you learn how to invest in a market that you don’t know too much about.
Financial planning is something that’s extremely important. It’s a great skill to learn and something that you need to be able to do.
