5 Steps In Building A Financial Plan

Generally speaking, a financial plan is a comprehensive evaluation of an individual’s current and future financial state. Crafting a financial plan involves using known variables to predict income, asset values, and withdrawal plans. Thus, you have to go through a series of steps to adjust your savings and spending habits. Here are just some of the steps: STEP 1: KNOW WHERE YOUR MONEY GOES Your top priority is to develop a detailed list of where your money is heading to.