12 A model for financial decision making
You’re close to the end of the course now and we’re finishing with a simple model that can be used for making all your important financial decisions – both now and in the future.
The four-stage model provides a framework for evaluating a financial issue, deciding on a plan of action, acting on that plan and then subsequently reviewing the outcome.
The video explains these four financial planning steps and the links between them.

Transcript
If you need help when applying this model to major financial problems – for example how to get out of problem debts – you will find that it is offered free of charge by organisations like the Money Advice Service (MAS), StepChange and Citizens Advice.
See also
Money Advice Service
Money Advice Service (MAS) is an independent service set up by government, specialising in providing free, impartial advice while working in partnership with other organisations to help people make the most of their money.
Citizens Advice
Citizens Advice provides free, independent, confidential and impartial advice to everyone on their rights and responsibilities on a range of topics, including personal finance.
StepChange Debt Charity
Known in the past as the Consumer Credit Counselling Service (CCCS), StepChange Debt Charity is an independent charity dedicated to overcoming problem debt, providing a wide range of free advice on the subject.