Simple Plan for Finances

Developing a Simple Plan for Your Finances

Although developing a financial plan may sound intimidating, it doesn’t have to be that difficult. All it takes to help you down the road to financial security are a few simple strategies.

First of all, set goals. Whatever you are saving for, figure out what it’s likely to cost and how many years you have to build up your funds. Next, start saving and get started on your goal. Once you begin saving, match products to your goals. Do some investigating to find the best ways to save and invest for each of your goals. Annually check up on your progress. Ask yourself if your goals still reflect your priorities and, if so, are you on track? Are your assets still allocated as you want? Finally choose your provider. If you don’t need professional advice, save money by using discount brokers and no-load mutual funds.

Resource: "Five Steps to Your Financial Plan," p. 2, From Here to Security, a consumer education project sponsored by NationsBank and the Consumer Federation of America


	Web site coordinators: Jamie Thompson Sandra McKinnon Site evaluation: Cynthia Crawford Last updated: March 09, 2005	Web site established by: Kate Akers Mark Belwood Cynthia Crawford Sandra McKinnon Diana Hammond

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