Financial Planning 101: Part 7 of 8
Prior to creating a financial plan, you need to define your goals to help better understand what you are trying to achieve. No matter what those goals are, they should be supported by a plan. Each week, we will identify eight simple tips to help get you started.
Know Your Current Situation
Creating a financial plan will not only paint a picture of what the future might look like, but it will also give you a snapshot of today. This will quickly call attention to any areas of concern, such as living beyond your means. A few lifestyle changes now can help to shape a better tomorrow.