People with a good financial plan hope for the best, but plan for the unexpected. Use our debt management worksheet (PDF) to log your numbers and find the right balance. Understanding and managing debt is a key part of creating a financial plan. Our quiz will help you decide when to use these savings. That’s where an emergency fund comes in handy. Build an emergency fund.Īll the planning in the world won’t help if life throws you a curveball and you’re not prepared financially. Our tax planning worksheet (PDF) will help you think through potential income tax credits and deductions. It can go a long way toward helping you keep more of your money next year. Give yourself permission to decide where and how to send your money with our budgeting worksheet (PDF). Create a budget.Ĭonsider this your monthly cash flow and savings/investing plan. Think it through using our financial goals worksheet (PDF). It’s always good to have a clear idea of why you’re saving your hard-earned money. (Or just tackle the whole thing on a long, rainy weekend with a big pot of coffee and a dog at your feet.) It’s OK if you’ve already started a few of these steps. In nine steps, you have a nice framework to build on throughout your life. It takes you step-by-step through what you need to know to create a personal financial plan and help get your money in order. When it comes to your money and your plans, it can be hard to balance short-term wants, long-term dreams, and those unexpected events that out of your control.įrom the groceries you need, to the retirement you want, and the car repair bill that’s looming, it can be hard to figure out how to tackle bills at the same time you plan for the future. A step-by-step guide to build a personal financial plan
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