Looking to facilitate financial planning for your clients?
Our Emergency fund planning form will come in handy. It is ideal for businesses in financial services, wealth management firms, financial advisors, or independent consultants.
This comprehensive set of questions delves into the client's personal details, financial profile, risk tolerance, emergency fund planning, and current saving strategies.
Tailor your strategies effectively with these insights, and help your clients reach their financial goals.
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Questions to include on your Emergency fund planning form
1. Client's Personal Details
As a financial planner, you need to have some basic personal information about your clients to start the process.
- What is your full name?
- What is your current occupation?
- What is your date of birth?
2. Financial Profile
Understanding the financial situation of your client provides the foundation for any financial plan.
- What is your current annual income?
- What are your monthly expenses?
- Do you have any outstanding debts? (Yes, No)
- If yes, what is the total outstanding debt?
3. Risk Tolerance
Understanding your client's risk tolerance can help you identify suitable financial strategies.
- How would you describe your risk tolerance? (High, Medium, Low)
- What is your investment experience? (None, Beginner, Experienced, Professional)
The risk tolerance and investment experience questions help you understand your client's capacity for investment risk, which can influence the financial strategies you recommend.
4. Emergency Fund Planning
The main objective of this form is to understand how much your clients need to save for their emergency funds.
- How many months of living expenses do you want to cover in your emergency fund?
- What additional expenses do you want to include in your emergency fund?
- What is your target time frame to complete your emergency fund?
The question about the target time frame is complex but important because it allows you to understand how aggressive the saving strategy needs to be.
5. Current Saving Strategies
Understanding current saving strategies will give you an insight into the client's financial behavior.
- What percentage of your income do you currently save each month?
- Do you have any existing saving strategies? (Yes, No)
- If yes, please describe your existing saving strategies
The question about existing saving strategies is significant as it can help you identify gaps or improvements in your client's current saving plans.
Things to consider
- User-Friendly Design - Ensure that the form is easy to navigate. Group related questions together, use clear and concise language, and ensure that the font size and style are readable.
- Privacy and Security - Since the form requires sensitive personal and financial information, it's crucial to maintain high levels of privacy and security. Make sure the platform you use is secure and has robust data protection measures in place.
- Mobile Compatibility - Many people use their smartphones for online tasks. Ensure your form is mobile-friendly so users can fill it out on any device.
- Optional and Mandatory Fields - Clearly mark which fields are optional and which are mandatory. This will help users understand what information is necessary to proceed.
- Progress Indicator - If your form is long, include a progress indicator. This helps users understand how much of the form they have completed and how much is left.
- Validation - Use validation to guide users in filling out the form correctly. For example, if a field requires a number, make sure that the form validates that a number has been entered.
- Confirmation Message - After the form is submitted, users should see a confirmation message. This gives them assurance that their information has been received.
How to create your Emergency fund planning form
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.
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