Financial plans, where to start?

Financial planning is more than just saving money—it’s about creating a roadmap for your financial future.

Whether you’re starting the new year with resolutions or thinking long-term about retirement, having a clear plan ensures security and peace of mind for you and your family. 

This article and vodcast draws on insights from Zurich, a trusted leader in financial services, committed to helping individuals and families achieve financial wellbeing through tailored advice and innovative solutions. 

We’ll explore the fundamentals of financial planning, from budgeting and emergency funds to pensions and income protection. You’ll also learn why professional advice can make all the difference. 

What is financial planning? 

Financial planning is about taking a holistic view of your finances rather than focusing on isolated actions. As Kristen Foran, National Sales Director at Zurich, explains: “A good advisor can talk you through a financial plan, take a snapshot of your life financially, your goals, and bring you on a journey of how to get there.” 

Learn more about Zurich’s Financial Planning Services. 

Starting with the basics: Budgeting 

Before making big financial decisions, start by understanding where your money goes. Kristen recommends: “Print off your bank statements for the last three months and see where your money is being spent.” We have a useful Financial Health Check tool that can give you a review of your finances with lots of tips and tools to improve your financial wellbeing.

Explore Zurich’s budgeting tips for practical advice. 

Emergency funds: Your safety net 

Unexpected expenses—like a broken boiler—can derail your finances. Common practice suggests keeping three to six months’ salary in an easily accessible account. “It needs to be on demand. It needs to be in a bank account. I need to be able to get it now if I need it now,” Kristen explains.

Managing debt wisely

Credit card debt should be addressed as part of an overall plan, not in isolation. High interest rates make reducing debt a priority but consider options like transferring balances to interest-free cards. 

Setting priorities: Protect before you grow 

Before investing surplus income, protect what you already have. This includes: 

• Income protection
• Life insurance
• Mortgage protection 

Kristen emphasises: “Your income is probably your most valuable asset… It does need to be protected.” 

Find out more about Zurich’s protection products. 

Income protection: Safeguarding your most valuable asset 

Income protection ensures you continue to receive income if illness prevents you from working. Think of your income as your biggest asset—it funds your lifestyle and future plans. 

Learn more about Income protection from Zurich. 

Retirement planning and pensions 

Pensions are the most tax-efficient savings vehicle in Ireland. Contributions benefit from: 

• Employer contributions
• Government tax relief
• Tax-free growth
• Up to €200,000 tax-free lump sum at retirement 

“Pensions make your money work hard for you… most of the fund will actually be the growth you got by investing,” Kristen highlights.

Explore Zurich pension options. 

Saving for future goals 

Beyond pensions, savings can help with children’s education or future housing needs. Zurich offers a range of products tailored to your risk profile and goals. Explore options at Zurich Savings and Investments. 

The role of financial advisors 

Meeting a financial advisor can feel daunting, but it’s a positive experience. Advisors use tools to create a personalised financial picture and guide you through life’s changes. “A good advisor will take you from the start all the way through that journey.” 

Find a Zurich Financial Advisor. 

Taking the first step 

Financial planning may seem overwhelming, but the first step is simple: reach out to a financial advisor. They’ll help you build a plan that gives peace of mind and sets you on the path to achieving your goals. 

Key takeaways

• Start with budgeting and emergency funds.
• Protect your income and assets before investing.
• Pensions offer the best tax benefits for long-term planning.
• Professional advice ensures your plan adapts to life changes. 

Financial Health Check Talk to a financial advisor

The information contained herein is based on Zurich Life’s understanding of current Revenue practice as at January 2026 and may change in the future.