Find out why it is important to have an emergency and how you can start building one immediately.
Developing a plan is the third stage of financial planning. This is where you try to meet the goals that you have set by including them in your present situation.
A financial goal is anything that means something to you, has cost, and has a target date.
Having a clear picture of your present standing makes you aware of how much you are earning, how much you are spending, how much you end up saving, and how much you are setting aside for investing.