10/25/2025
FINANCIAL PLANNING is about more creating a plan to manage your finances, achieve financial freedom, and reaching your long-term goals.
It's about reviewing your current financial situation, identifying your objectives, and developing strategies to achieve them.
HOW TO CREATE YOUR FINANCIAL PLAN
-REVIEW YOUR CURRENT FINANCIAL SITUATION
Gather good information about your income, expenses, assets, and debts. This will help you understand where you stand financially and what you need to do.
SETTING FINANCIAL GOALS
Identify your short-term and long-term goals, such as saving or paying off debt and how it aligns with your financial plan
CREATE BUDGET
Develop a budget on how to properly manage your income towards different expenses, savings, and debt repayment. You allocate certain amount of your monthly income to your bills and other tasks you plan to achieve
INVEST DILIGENTLY
Invest in assets that align with your risk level or capacity and financial goals, such as stocks, bonds, or real estate and other asset class.
UNPLANNED EXPENSES
Prepare for unplanned expenses like 12-36 months to prepared for unforeseen events which keeps you financially stable in this times.
Its about putting away your monthly expenses for the time frame or more.
REVIEW AND ADJUST
Regularly review your financial plan and make adjustments as needed to stay on track. This will help you stay focused on achieving your financial plan.
