Financial Plan

Being a financial independent have experienced first-hand how important it is to keep a financial plan. Starting to use this financial plan I have elevated my savings abilities a long way. Knowing where each dollar is going to be spent helps me to manage each dollar in an uplifting way. In a ten-year plan my goal would have to be to save at least twelve hundred dollars a year which would one hundred dollars each month of that financial plan. Using the personal financial, will help me with this long-term goal to make it possible.

Being in college and having a business, managing money is very important. Keeping a portfolio and an account of all money spent is a very important step in keeping my financial situation in good terms. I have learned there is a large amount of students that make the mistake of purchasing things that they have no money for. This is why credit is so bad for students. A personal financial plan is only possible if the independent is focused on what he or she is doing.

The importance of budgeting all depends on the independent. If the independent is focused on saving and accounting for their money then it will work! I believe it should be teach or implemented to each college student’s life. Being in college makes it extra difficult to decipher what you are doing with your money. A greater percentage of students that have used this type of financial program have been successful rather than those, which don’t account for the money that they spend. Having a long-range financial goal can help you all throughout life. If a student starts a ten year financial plan and after ten years he or she saves up to ten thousand dollars. If the plan was not accomplished ten years ago, think of all the money that could’ve been wasted. That is the importance of establishing a good long-term financial plan. It will eventually pay-off.

Financial Plan Goals Worksheet

Short Term Goals

Priority | Goal | Total Cost | Duration | Monthly Cost | Target Date |...