Financial Planning
In general usage, a financial plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans.
- Step One: Know Where You Stand. The first step to creating your financial plan is to understand your current financial situation.
- Step Two: Set Your Goals.
- Step Three: Plan for the Future.
- Step Four: Managing Money.
- Step Five: Review Your Plan.