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Securities Division

How to Develop a Financial Plan and Set Your Financial Goals


  1. Figure your net worth
  2. Estimate your income and expenses.
  3. Review your personal debts.
  4. Balance your income and expenses.
  5. Identify your short-term goals (build an emergency fund, pay off a debt, buy a car).
  6. Identify your long term goals (buy a home, pay for a college education, save for retirement).
  7. Determine what you have to save to reach your goals.
  8. Implement your plan.

You need to review your plan from time-to-time to determine whether you are still on track.