A financial plan at it's simplest is a map to reach your goals. Notice I didn't say "financial goals." Everyone wants to make and have more money, but money is not the goal.

Financial planning helps you track and manage your money to reach your financial goals. To create a strong financial plan, set goals, track cash flow, budget, invest, and pay down debt.

When clients come to you for financial advice, they may appreciate having it related in the simplest way possible. Presenting them with a one-page financial plan allows you to condense the most ...

Time frame planning, where you draw up goals and plans covering a specified future period, is a useful way to chart your financial progress. Lewis Walker, a financial planning and investment ...