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Budgeting and expenses questionnaire

budgeting and expenses questionnaire

Fancy a deep dive into your financial planning process? This Budgeting and Expenses Questionnaire is just what you need. Tailored for Financial Planners, it's ideal for anyone managing client finances. Whether you're an independent consultant or part of a larger firm, these insightful questions can help streamline budgeting practices, enrich client interactions and optimize financial strategies. Go ahead, give it a whirl!

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Questions to include on your Budgeting and expenses questionnaire

1. Personal Information

Knowing who you are dealing with helps in better planning and making informed decisions.

  • What is your full name?
  • What is your job title?
  • What is your email address?
  • What is your contact number?

These personal information are basic but critical in ensuring the right person is filling the form and helps in proper follow-ups.

2. Client Information

Understanding your client's financial status will provide insight into their requirements and budgeting capabilities.

  • How many clients do you manage?
  • What is the average net worth of your clients?
  • What is the average income of your clients?

The questions about the client's finances are important to understand their financial capabilities and are necessary for a financial planner to strategize accordingly.

3. Business Budgeting

These questions focus on understanding the financial planners' strategies for budgeting.

  • What percentage of the client's income do you typically recommend they save?
  • What is the average monthly budget you recommend for your clients?
  • Do you utilize any budgeting software? (Yes, No)

The type of budgeting techniques or tools used by the financial planner can yield insight into their methods and efficiency.

4. Financial Goals and Strategy

These questions focus on the long-term planning and strategies employed by the financial planner.

  • What are the key investment areas you recommend for your clients?
  • Do you incorporate any tax-saving strategies in your financial plans? (Yes, No)
  • If yes, could you briefly describe the tax-saving strategies you use?

Understanding the financial planner's strategies will help in knowing their planning and investing style. Their tax-saving strategies could reveal their knowledge about the tax implications and their ability to minimize them.

Things to consider

  1. Strategic Question Order - Arrange the questions in a logical order. This keeps the respondent engaged and makes the form easier to complete. Start with the simpler questions and gradually move to the more complex ones.
  2. Clarity in Questions - Ensure each question is clear and easy to understand. Avoid using jargon or technical terms that might confuse the respondent.
  3. Input Field Validation - Implement validation on the input fields. For instance, make sure the email field accepts only valid email formats. This helps maintain data accuracy.
  4. Optimization for Different Devices - Ensure the form is responsive and easy to fill out on different devices, including smartphones and tablets. This enhances user experience and increases completion rates.
  5. Privacy and Consent - Clearly state the privacy policy and obtain necessary consent for data collection. This builds trust and ensures you comply with relevant regulations.
  6. Progress Indicator - If the form is long, a progress bar can help users know how much of the form they've completed and how much is left. This can improve the form completion rate.
  7. Optional and Mandatory Fields - Clearly mark which fields are mandatory and which are optional. This reduces confusion, ensuring that essential information is provided while giving respondents the choice to skip non-essential questions.

How to create your Budgeting and expenses questionnaire

Now that you know what questions you should include, it's time to build your form!

The only problem is that traditional forms tools are inefficient.

People will forget to fill out your form. They'll get stuck halfway and not be able to finish it. Or they'll send you the wrong stuff. You end up wasting hours chasing people down over email. 

That's why you should give Content Snare a try. 

Content Snare is packed with advanced features that will have you hours:

  • Automatic reminders - Remind people to complete their form with fully customizable reminders.
  • Reject incorrect information - If a single question is filled out incorrectly, ask your client to re-do just that one item.
  • Autosaving - No progress gets lost. People can fill out forms in multiple sittings.
  • Comments and questions - If the person filling the form gets stuck, they can ask a question without having to email you.

Give it a go by signing up for your free 14-day trial

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