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Financial Planning Tutorial
Creating a Financial Plan
If you are going to start handling your personal finances right you must have a financial plan.
What is a financial plan?
There are two kinds of financial plans.
1) Personal financial plans
2) Business financial plans
Since this tutorial is on personal finances I will only
discuss personal financial plans.
A Personal Financial Plan is:
1) A written plan that helps you manage your
personal finances
2) Consist of a budget
3) It is a roadmap because it gives you financial direction
4) It consist of your short term financial goals
5) It consist of your long term goals
6) It is never set in stone. It can change from time to time.
7) It is also a process.
How to Create a Personal Financial Plan?
You have two options when it comes to developing a financial plan
1) Hire a financial planner
2) Become your own financial planner
Click here to learn about financial planners and what they can do for you
Hi, I'm Abbie.
Your financial
education tutor.
Welcome!
