How to Plan Finances

[Suba]

Making financial planning is not as easy as turning the palm of your hand or made haphazardly. In fact, financial planning is made with the intention that the financial policy methods/steps and processes that we apply can achieve financial goals such as preparing retirement funds, buying a house, buying a car, etc.

So in planning finances we need the following process:
1. We must first evaluate our financial condition.
2. In the second stage, we can set financial goals that are realistic and tailored to financial conditions.

3. Implement and adhere to the financial plans that have been made in daily life with discipline.
4. Take the time to periodically evaluate and review the financial plan to see whether we have implemented it well.

 

[Starmix]

The first process is so significant for all who lack financial planning. And to avoid financial distress, they have to evaluate their financial condition. This first step can prevent them from crossing the line of the other processes.

 

[Augusta]

Estimate your monthly income. Identify and estimate your monthly expenses. Compare your total estimated income and expenses, and consider your priorities and goals.