Building Your Financial Plan

Financial planning is the process of looking at your current financial condition, identifying your goals, and anticipating steps toward meeting those goals. Because your goals and finances will change as you get older, your plan should always allow for revision. Figure AIII.1 summarizes a step-by-step approach to personal financial planning.

Figure AIII.1

Developing a Personal Financial Plan

A flowchart shows the processes involved in the development of a personal financial plan.

Assessing Your Current Financial ...

Get Business Essentials, 12/e now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Start your free trial