Create a Financial Plan

We've all heard the saying: failure to plan is a plan for failure. If you are not actively setting a financial plan then you are already a step behind the curve.

So what should be in this Financial Plan. Let's walk through this together.

  1. What are your financial Goals.

Take a couple of minutes and write down all of your financial goals. After you have written them down, I want you to put them in order and list out your top 3 goals. Here are some ideas of possible Financial Goals:

  • Buy a House

  • Save 6 months savings

  • Save up for a car

  • Save $20,000

  • Create an investment account

  • Create a budget

  • Stick to budget

  • Live below means

  • Increase savings

  • Save for college fund

  • Pay off Medical Bills

  • Pay of Credit Card Bills

  • Pay of Student loans

  • Track every dollar spent

  • Build up Retirement Account

  • Save up for a Moving Expenses

  • Reduce Spending

  • Open a Savings Bank Account

  • Become a millionaire

  • Save up in preparation for job search

  • Save up for home improvement

  • Stop Going Further in Debt

  • Get Passive Income

  • Increase credit score

  • Start a Side Job

  • Read Financial Planning and Budgeting Book

  • Listen to Financial Planning and Budget Book

  • Pay off Debt

  • Learn an income producing skill